The Tata group will look at increasing its presence in the overseas markets by focusing on three sectors: power, automobiles and hotels. Addressing the media at the share listing ceremony of Tata Consultancy Services (TCS) at the National Stock Exchange, group chairman Ratan Tata said the objective of the group was now to look beyond India. At this stage, a $2 billion (approximately Rs 9,200 crore) investment has already been proposed for a gas project in Bangladesh. Responding to a query, Mr Tata said, “The Bangladesh government has confirmed a 20-year gas supply.” 

He is expected to be in Bangladesh next month to finalise the details of the project. On the possibility of merging all the infotech companies in the Tata group with TCS, Mr Tata pointed out that it was a continuous process and will always be looked at. “This can be done keeping in mind the interests of TCS and those companies,” he explained. Significantly, Mr Tata said that this may not be restricted to just a merger within IT companies in the Tata group. “We will also look at inorganic growth through mergers and acquisitions (M&As),” he added. The TCS stock was on Wednesday listed at The Stock Exchange, Mumbai (BSE) and at the National Stock Exchange (NSE).