The International Finance Corporation has identified the
Tata Group as one of the emerging `southern multinationals.''
At present exports contribute 18 per cent of the group''s
total revenues and the company is targeting to reach 20
per cent by next year.
overseas business, growing by 37 per cent annually, accounts
for 25 per cent of the group''s revenues of US$18.2bn.
The group expects this to be 35 per cent by 2010.
Consultancy Services, Tata Motors and Tata Steel will
be the drivers of the growth in overseas business. Though
the Tata Group''s priority is to strengthen its position
in India by taking advantage of the
growing opportunities within the country, group companies
are expanding overseas operations in line with the group''s
international strategy, the official said.