Hindujas plan to invest $10 bn in infra projects

Hinduja Group is willing to invest $10 billion in unfinished power plants and infrastructure projects in India that have been languishing as non-performing assets with banks, to help bring back economy on high growth path.

Gopichand Hinduja, Co-Chairman, Hinduja Group of Companies, is keen that the projects, that were part-financed by state banks but abandoned for a variety of reasons should be quickly completed.

The business conglomerate feels the UK government can encourage some of its companies to finance and complete the construction of such projects in exchange for fast approvals from India.