Tata Group prefering domestic market to international is a myth: Cyrus Mistry

MUMBAI: "I cannot emphasise enough that this is far from the truth. Today, one has to look at opportunities with a global landscape in mind for most industries," said chairman of Tata Sons' Cyrus Mistry when asked if group will focus on domestic operations than international.

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However, the chairman also added that one has to realise that India is well placed in terms of growth across sectors when compared with other regions. "We must, from that perspective, make full use of the opportunities being thrown up in India," said Mistry.

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Tata group's international revenues are close to 70 percent of the conglomerate's composite turnover. The majority of the group's capital expenditure in the last three years has been in international geographies. At the recent AGLC, Mistry said that that two new markets, Iran and Myanmar, have opened up and several of the group companies are gaining traction there. "We continue to remain open to growth opportunities in India and overseas, through the organic route and through acquisitions," he added.

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