Hinduja plans to invest $10 billion in India
Britain-based Indian industrialist G.P. Hinduja Monday revelled plans to invest up to $10 billion in India to finance and complete the construction of major infrastructure projects.
According to the co-chairman of Hinduja Group, Britain could encourage some of its companies to finance and complete the construction of the hung power and infrastructure projects in India for which Hindujas are willing to invest $10 billion.
"Britain should seize the opportunity of Narendra Modi's new leadership to make a practical demonstration of its support," Hinduja said at the backdrop of British Deputy Prime Minister Nick Clegg's visit to India.
"It should make it easier for Indian students to stay longer in Britain after graduating and help finance and complete major infrastructure projects now languishing as non-performing assets with the banks which part-financed them."
"The Hindujas are willing to invest $10 billion in such projects," he said adding that India should be treated as a "preferred country" for trade and investment.
(Posted on 25-08-2014)