Tata Group Chairman Natarajan Chandrasekaran has announced that the Tata Group will invest $90 billion over the next five years to invest in new technologies and build capabilities in sectors that are uniquely positioned for India, such as artificial intelligence, energy, and supply chain transition.
The investment will focus on bringing in new technologies and building capabilities in sectors such as artificial intelligence, energy, and supply chain transition. This would include investing in research and development, and in the development of a talent pool in the technology space, as well as in other sectors such as healthcare, education, and smart cities.
Chandrasekaran also pointed out that India is uniquely positioned to take advantage of the opportunities presented by the Fourth Industrial Revolution, which is being driven by artificial intelligence and automation. He said that the Tata Group is committed to leveraging its resources and capabilities to make sure that India is at the forefront of the revolution.
The Tata Group will also be focusing on developing the infrastructure and the ecosystem that will enable India to become a hub for innovation and technology. This includes investing in the development of data centers, cloud computing, and other technology infrastructure that will enable India to become a major player in the global technology landscape.
The commitment to invest in new technologies and build capabilities in India is in line with the Tata Group’s vision of creating a “New India” that is a global leader in innovation and technology. Through this investment, the Tata Group hopes to create an environment that will foster innovation and contribute to India’s economic growth and development.