Tata Group plans to invest 1 billion USD to build a shipbuilding project in Kerala, India.

Golden Ten Data reported on July 15 that Kerala's Chief Minister V.D. Satheesan stated that Tata Group has applied for approval to invest 100 billion rupees (approximately $1 billion) in a shipbuilding project in the state. Satheesan said, "Tata is prepared to invest in the shipbuilding business. We will provide land for Tata Group." He added that the state government is actively reviewing the project, and approval for the investment plan is expected within a month. If approved, this will mark a new business area for the Indian conglomerate, which currently has a market value of around $180 billion. Tata Group's current businesses cover several industries, including coffee, luxury automobiles, steel products, and smartphones.