Tata Group lines up Rs 65 K-cr capital expansion this year

52Even as the Indian economy reels from a slowdown,the Tata Group is not waiting for things to turn around. In fact, the froup’s various companies have lined up capital expenditure plans of close to Rs 65,000 crore in 2014-15.

The capex plans announced by Tata Group companies is a part of the gropu’s medium to long term investments to boost growth across sector

Tata motors will incur a significant amount of the capex Rs 38,500 crore mainily at its luxury jaguar, Land Rover unit in the UK, of which Rs 3,000-37,000 crore will be incurred by JLR.