Hinduja group to invest Rs 6,200 crore in India across sectors such as real estate and media
Hinduja Group today said it would invest a billion dollars (about Rs 6,200 crore) across sectors like real estate and media in the country. He told reporters here on the sidelines of Auto India, “We are looking for various opportunities. Recession is the time when you can break opportunities to invest.” He further added, “We are looking at various different sectors for investment which we are offered by various investment bankers. Very soon you would see that we may target few more investments”.
When asked on the quanta of investments, he said: “Over all investment will be about a billion dollar.” He, however, did not share a timeframe for these investments. The group already has strong presence in sectors like banking & finance, transport, energy (oil & power) as well as technology, media and telecom and with this announcement they are ought to be a big player in cover real estate, health sector, media, power and others.
Hinduja Group Global Chairman G P Hinduja is bullish on India and its story and said for the group’s plans for the country, “We are a long term player. We do not see this downfall a permanent one. So whatever has been targeted we have been sticking to that”.
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