Monday, April 18, 2011

1.15 Trillion Indian Rupee Investment

India's powerful salt-to-steel conglomerate or commonly called Tata Group, has reiterated plans to invest 26 billion US Dollars or 181.30 billion Euro locally 1.15 Trillion Indian Rupee in the country over half a decade year, in a bid to dispel a belief that it is turning away from its home market.



Managing director, Kishor Chaukar, said the Tata group intended to invest heavily in India's Electricity, steel, automotive sectors, and more technological development, as it seeks to double group revenues to about 150 billion US Dollars or 6650 billion Indian Rupee in the next five years to be able to Overpass the Investment. Conversion are based on standard currency converter, April 18, 2011 and offering performances of currencies are as follows:



The planned 26 billion US Dollar(USD) investment are predominantly for projects that have been previously announced and are already in the pipeline. They include a $3.7bn, 4,000-megawatt power plant under way in the western state of Gujarat, and a $4.4bn integrated steel plant that has been bogged down by difficulties in acquiring land in the state of Chhattisgarh, a hotbed of Maoist insurgency.




A critical problem facing India's economy(2010 financial Information: Public Dept at $758 billion, Revenues $170.7 billion, Expenses $257.4 billion) is the sharp and growing regional variations among India's different states and territories in terms of poverty, availability of infrastructure and socio-economic development. Six low-income states – Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa and Uttar Pradesh – are home to more than one third of India's population. Severe disparities exist among states in terms of income, literacy rates, life expectancy and living conditions.
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