Tata Group Chairman N Chandrasekaran during a panel discussion at the World Economic Forum (WEF) in Davos, announced that the company has a capital expenditure commitment of $90 billion in India over the next five years. He added that they have witnessed strong consumption in India which is not just in urban but also in the rural regions.
"There are three global transitions that are happening - AI transition, energy transition and third is supply chain or geopolitical transition, or whatever we call it. India is uniquely positioned for all three transitions,” he stated.
This is because of the country’s strong tech sector, and a huge pool of talent. The number of tech graduates passed out in India is highest, and not comparable to any other country in the world.
According to the Tata Group head, there is a "huge opportunity" in India, adding that the fear of the private sector not coming to India is unfounded. Instead, India has in the last five-six decades "demonstrated that we can leverage technology and do developmental projects", Chandrasekaran added.
India’s "mindset has changed", Chandrasekaran noted.
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