According to the report, a delegation from India will soon visit Qatar to discuss prospects for investment. "There are Qatari interests in India's power sector and very soon we will be able to see announcements," India's Ambassador to Qatar Deepa Gopalan Wadhwa said, while addressing a meeting of the Institute of Chartered Accountants of India (ICAI), Doha chapter.
The envoy said it is expected that the Qatari investments will be in the Indian power generation sector. India permits 100 per cent foreign direct investment in power generation, transmission and distribution. India, which has the fifth largest electricity generation capacity in the world needs investments worth about USD 167 billion in the power sector during 2007-12 period in order to add more than 90,000 MW of generation capacity.
Published 05 April 2010, 10:03 IST