Tata Group mulls energy research, clinical labs foray

The salt-to-software Tata Group is keen to make a foray into newer technology-driven businesses such as alternative energy research and clinical diagnostics, a top executive has said.

By PTI | May 23, 2011, 02.19 AM IST

MUMBAI: The salt-to-software Tata Group is keen to make a foray into newer technology-driven businesses such as alternative energy research and clinical diagnostics, a top executive has said.

To begin with, the $72-billion Group is keenly looking at launching a dedicated R&D company on the alternative energy front. "Whether it is solar, whether it is wind, whether its fuel cell ... it does not matter (for setting up ventures)," Tata Industries Managing Director Kishore A Chaukar said.

He, however, declined to give any timeframe or investment details for these two new ventures being planned by the country's top conglomerate, which already boasts of having over 98 companies under its umbrella. Tata Industries' website lists it as a vehicle "to promote Tata's entry into new and high-tech businesses".

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