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Tata Steel plans to invest US$260 billion in India in following 5 years


It is reported that Tata steel currently reviewed the project of US$260 billion investment in India in next 5 years to avert the rumor that the company would focus on overseas market.

Tata Steel indicated that the company will eye on the investment in India’s automobile, steel and energy industries. Also, the company expects that its annual sales income would reach US$150 billion in the following years.

In fact, Tata Steel has processed to develop new power plant at Gujarat with total investment of US$37 billion and another new steel plant at Chhattisgarh with total investment of US$44 billion. However, this steel plant has been pending due to land problem.

On the other hand, Tata steel is seeking more investment opportunity in worldwide in order to minimum risk in one country.

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