Business News

Mahindra Group to invest $1 billion in the US over the next five years

Pawan Goenka said that the number of Indians working in the US for Mahindra was low, except in the IT sector.

Mahindra Group plans to invest $1 billion (approximately Rs 64.27 billion) across various business areas in the United States in the next five years, PTI reported on Sunday. The conglomerate’s aim is to double revenue in the United States market to $ 5 billion (approximately Rs 321 billion) over the next five years.

Mahindra Group, which currently employs around 3,000 people in the US, also aims to double that figure, with the goal of expanding operations.

“We have so far invested around $1 billion in the US among all the businesses and we should invest another billion over the next five years,” Mahindra & Mahindra Managing Director Pawan Goenka told PTI in an interview. The quantum of investment would depend on various factors like market conditions and success of various projects that are currently underway in the US, he added.

Goenka said Mahindra has bid for a US postal service contract, and the Mahindra North America Technical Centre is launching a new off-road vehicle, both of which will enable the company to grow exponentially. “Building the Mahindra brand in the US is very important for us because it is the place everyone looks up to,” he told the news agency. “The brand which gets successful in this market gets automatic recognition in so many places.”

Goenka acknowledged that Tech Mahindra is facing visa issues in the US. But he said that the number of Indians working in the US for Mahindra was low, except in the IT sector. “The company’s objective has never been to bring in people from India. We have invested here we have employed people here and thus we are not really been impacted by the new polices.”

The Donald Trump administration’s policies have led Tech Mahindra to focus on local hiring. It is hiring from US colleges this year.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

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At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

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Watch the video below to see actual moments from Vikas’ climb.

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Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

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This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.