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Companies

India's Tata Group consolidates defense business under one entity

Move aimed at better harvesting opportunities amid local manufacturing push

In 2014, Tata Sons had said it will invest $35 billion in the three years to expand into new areas, including defense.   © Reuters

MUMBAI (NewsRise) -- Tata Sons, the holding company of India's largest conglomerate, is consolidating its businesses across aerospace and defense sectors under a single entity in a bid to more effectively tap a government push to turn the nation into a manufacturing hub.

The entity Tata Aerospace and Defence will encompass the full range of solutions across land mobility, aerospace, weapons system, sensors and command controls, and communication, Tata Sons said in a statement on Wednesday. The necessary statutory and regulatory approvals are being obtained, the Mumbai-based company said.

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