“Our commitment to India is intact. As a group, we have over the past three years invested over Rs. 50,000 crore across our various businesses in the country… We have already put in place plans for additional investments in excess of Rs. 45,000 crore over the following two years,” Mistry, who recently replaced Ratan Tata at the helm, wrote in a letter to the employees.
The 44-year-old added that there was a need to innovate in a competitive world.
Praising his predecessor, Mistry wrote, “Under the enlightened leadership of Mr Ratan Tata, it (Tata Group) has evolved from being a large business group operating primarily in India into an even larger institution with a global footprint.”
(With agency inputs)