Tata Group hints at entering energy research, clinical labs

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

To begin with, the USD 72-billion Group is keenly looking at launching a dedicated R&D company on the alternate 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 told PTI.

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."

Group Chairman Ratan Tata had hinted at developing a car that can be run on water as his new vision after delivering the world's cheapest car Nano three years ago. Tata had even invested USD 15 million in a start-up to support research.

For the clinical diagnostics business, Chaukar hinted at a very consumer-oriented model, such as a door-step service model, and putting technology to the best use to make it possible.

"Today for diagnostics, you mostly have to go to a place (where a lab is located). Can that diagnostics be made more distributed, more affordable, more easily available (and) fast...today diagnosis takes 24 or 48 hrs," he said.