Hinduja Group willing to invest on unfinished projects
Hinduja Group is willing to invest USD 10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path.
Gopichand Hinduja, Co-Chairman, Hinduja Group of Companies is keen that the projects, that were part-financed by state banks but abandoned for a variety of reasons like non-availability of fuel and now listed as bad loans, should be quickly completed as Indian economy picks up under Prime Minister Narendra Modi.
The diversified business conglomerate feels the UK government can encourage some of its companies to finance and complete the construction of such projects in exchange for fast approvals from India and the prospect of operational power stations, roads and bridges within two years. Hinduja said that the Hindujas are willing to invest USD 10 billion in such projects.
This investment will help in the building of all the unfinished power plants and the other infrastructure projects in India. This has really come out as a silver lining among so many halted power plants and other infrastructure based works.
Source: Financial Express
