Tata Group seeks to be more competitive
The Asian Age — August 30, 2005

The Tata Group is evolving a strategy in which all its operations will be internationalised to make the group more competitive, a top group executive said on Monday. Speaking to reporters here, Alan Rosling, executive director of Tata Sons, the holding company of the Tata group, said that currently over 70 per cent of the group's export revenues are being contributed by only the three companies - Tata Consultancy Services, Tata Steel and Tata Motors.

While TCS contributed 40 per cent of the group's export revenues, the other two companies added 15 per cent each to the export revenues of $4.5 billion in 2004-05. Mr Rosiling said the Tata group would focus its energies to grow the other businesses like retail, hospitality and telecom. He said the group was targeting to achieve 35 per cent of its revenues through exports by all its business units. The group was eyeing joint ventures, acquisition and the organic growth as well to reach the international market.

The group has spent $ 1.1 billion in the last five years on acquisitions and has invested over $2 billion in current green field projects in Bangladesh, South Africa and Iran, he said. The group's export revenues were growing at CAGR of 37 per cent in the last two years, he said.