Tata Advanced Systems

War Profiteer of the Month: Tata Group

Tata Group is one of India's oldest and largest conglomerates in India. The group is spread over seven business sectors. It comprises 96 companies, operates on six continents and employs 350,000 people. Revenues in 2007-08 are estimated at $62.5 billion (around Rs. 2,51,543 crore), of which 61 percent is from business outside India.

History

Push for military-industrial complex in India?

Indian acquisitions of military hardware are the hot topic in the global armaments bazaar. India is expected to spend around $30 billion on arms imports over the next few years. India is perhaps the world’s largest importer of armaments with annual expenditure of around $6 billion on this count, a sizeable proportion of India’s defence budget of $28 billion for 2009-10.

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