Indian holding Tata Sons plans to expand its investments in Georgia. Company officials expressed interest in investing in Georgia’s hospitality industry.
Chairman of Tata Sons Ltd Cyrus Mistry will visit Georgia with a working group from Indian hotel network to learn about the local investment environment.
This decision was made yesterday in Davos at the World Economic Forum, during an official meeting between Mistry and Georgia’s Prime Minister Giorgi Kvirikashvili.
Tata Sons plans to increase #investments in #Georgia@TataCompanies#wef#Davos#wef2016#Davos2016pic.twitter.com/c1rgigI8pg
— Giorgi Kvirikashvili (@KvirikashviliGi) January 20, 2016
Georgia's Prime Minister Giorgi Kvirikashvili posted on his Twitter about his meeting with the Chairman of Tata Sons Ltd Cyrus Mistry.
Tata Sons is a holding company of Tata Group, a global enterprise headquartered in India.
Tata Group has already implemented several projects in Georgia and invested $650 million USD in total. Tata Group was primarily represented in Georgia’s energy sector where another of its holdings, Tata Power, was represented.