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Tata to invest in infrastructure projects

Wednesday, 19 Mar 2014
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Tata Group is planning to invest $ eight billion (approx Rs 48,752 crore) for various infrastructure projects in the country.

The company plans to invest in building roads, airports, and housing projects. The subsidiaries of the company -- Tata Housing Development, Tata Projects, and Tata Realty and Infrastructure (TRIL) are building information technology parks, malls, and residential complexes.

TRIL is planning to invest Rs 22,700 crore in the next five years for building highways, airports, hotels and urban transportation. Tata Housing is developing 26 projects across 10 Indian states.

Besides, Tata Group has also evinced interest in investing in Iran's economic projects.

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