NRI Hinduja
Group invest over Rs 5,500 crore in health care & reality
in India
New Delhi, March 26, 2007
NRI Hinduja brothers
which own Amas Bank (Switzerland), IndusInd Bank,
Ashok Leyland, Gulf Oil, Ennore Foundries, and media and technology
companies in 25 countries, have announced to invest over Rs 5,500
crore in health care in India and property development business
in UAE
It includes:
- To set up medi-cities in Delhi, Mumbai, Bangalore and Hyderabad
with about 2,000 beds.
- Joint venture with Limitless LLC, a subsidiary of Dubai World,
for the health care business, which would see an investment
of one billion dollar in 2-3 years.
- To invest Rs 1,200 crore in real estate business in UAE
- Ashok Leyland have signed an MoU with Dubai World Chairman
Sultan Ahmed Bin Sulayem to explore investment opportunities
in Dubai's auto sector.
Most of the investment in India will be done by Hinduja TMT of
India group
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