Mistry Eyes $35 Billion Investment In Three Years

Cyrus Mistry, chairman of the Tata Group, has rolled out a strategy for the conglomerate. This includes focusing on four new clusters — defence and aerospace, retail, infrastructure and finance.

Mistry said the clusters are targeted at increasing synergies. He said over the next three years, the Tatas will invest about $35 billion in various businesses. He drew out a strategy to nurture group companies by leveraging the parent group centre, harnessing synergies and optimising the portfolio for sustained future performance.

Reports suggest he said that the group centre would facilitate setting up of new companies. His strategy would also include restructuring their businesses which do not have the potential to meet the performance criteria.

The group has put forth a mission statement, “To improve the quality of life of the communities we serve globally through long-term stakeholder value creation based on leadership with trust.”