Hindujas line up Rs60,000 cr for infra, seek to rope in UK firms
26 Aug 2014
Industrialist G P Hinduja on Monday revealed plans to invest up to $10 billion (some Rs60,000 crore) to finance and complete the construction of major infrastructure projects in India.
According to G P Hinduja, co-chairman of the Hinduja Group, the UK government could encourage some of its companies to finance and complete the construction of hung power and infrastructure projects in the country, for which Hindujas are willing to invest the amount.
"Britain should seize the opportunity of Narendra Modi's new leadership to make a practical demonstration of its support," Hinduja said in Mumbai in the backdrop of British deputy prime minister Nick Clegg's visit to India.
"It [the UK] 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," he said.
"The Hindujas are willing to invest $10 billion in such projects," he said adding that the nation should be treated as a "preferred country" for trade and investment.