Friday, December 08, 2006

Emaar, Nakheel likely to enter airport projects in India

Dubai: India with an infrastructure investment requirement of about $400 billion in the next 5 years and an investor friendly policy environment, offers excellent investment opportunity over the long term, said Kamal Nath, Indian Commerce Minister.
Speaking at the first Indo-Arab World CEO Summit in Dubai, Kamal Nath said, "we are targetting investments from the Gulf to India to reach $2-billion in the next three years of which a large portion would be for infrastructure projects and we expect this to grow further.''
The trade summit aims at exploring business opportunities between India and the Gulf region attracted over 200 CEO from UAE, Saudi Arabia, India, Bahrain, Kuwait, Oman and Jordan.
Prakash Shah, senior Adviser to Dodsal said that the GCC countries are the second largest investor in India after United States and overtaken EU.
Big companies like Emaar, Nakheel are already investing in major Indian infrastructure projects like SEZ, malls and are likely to enter into bigger infrastructure projects like airports and thermal reactors as well.
08/12/06 Manu Sharma/Khaleej Times, United Arab Emirates
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