Monday, May 5, 2008

India’s Hindujas plans to spend $50bn

India’s Hindujas plans to spend $50bn

By Joe Leahy in Mumbai

Published: May 4 2008 22:07 | Last updated: May 5 2008 01:43

The Hinduja business family is planning investments of about $50bn in the next five years in India and abroad, led by a planned foray into oil and gas in Iran.

The closely held group, run by four billionaire Indian brothers, is also planning large investments in real estate, automotives, power and infrastructure, mostly in India, Europe and the Middle East.

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