While Tata Motors is looking to set up new assembly facilities through local partners in countries like Tunisia and Kenya, the group's hospitality chain Taj Hotels Resorts and Palaces is also considering ‘proposals from three-four’ countries to set up new properties.
"The business models which work in India can work in Africa and we would like to widen and deepen our business in Africa," Tata Sons Ltd Brand Custodian and Chief Ethics Officer Mukund Govind Rajan told media persons in New Delhi.
He said the group is currently present in 20 countries in Africa through its nine different companies with a total revenue of $2.3 billion.
The group has so far invested a total of $1.7 billion in the continent.
Asked about revenue growth from the continent in future, Tata Africa Holdings Managing Director Raman Dhawan said: "It is expected to grow at around 30 per cent every year."
Tata Africa Holdings, a wholly-owned subsidiary of Tata International, serves as the headquarters for Tata operations in Africa.
Commenting on the plans for assembly operations, Tata Motors Head International Business (Commercial Vehicles Business Unit) R T Wasan said:
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