Tata Staff Making Plans to Make Investments UsD 2 Billion in TreeMendous App Tata Neu To Spice Up Virtual Trade

Tata Staff, from automobile to software, has planned to invest two billion dollars (about Rs 16,500 crore) in its super app Tata Neu to increase digital business. This will help the Tata Group strengthen their digital business, remove technical shortcomings and meet the needs of new expenditure.

The report of Bloomberg Information states that this investment will be done in two years. The Tata Group has also asked Tata Digital to find ways to increase the valuation of the Super App. A Tata Group spokesperson refused to comment on this. Tata Digital did not answer the questions sent by Reuters. The Tata Group launched the e-commerce super app in April last year. There is a facility from buying apparel to booking air tickets. Through this, the Tata Group plans to compete with Amazon and Flipkart in the fast growing market of e-commerce.

At the end of the previous year, it was reported that the Tata Group is planning to open 100 stores across the country to sell the iPhone company Apple to sell products. The Tata Group company INFINITI RETAIL shopping malls and some other places will open the stores and will be Apple’s Authorized Reference. Apart from this, Tata Group plans to buy the factory of Apple’s contract manufacturer Wistron for about Rs 5,000 crore.

Apple has set a target to increase India’s share to 25 percent in the total production of its iPhone. For the company, this figure is still about seven percent. Apple started assembling iPhone in the country through Wistron for a few years. Apple has exported iPhones of over $ 2.5 billion from India between April and December last year. The company started assembling some models of its new iPhone series in India last year. The central government has approved incentives for two companies Foxconn and Padget Electronics at the end of the previous year under the production-linked incentive (PLI) scheme.