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FINANCIAL NEWS
Qatar keen to invest in Indian power sector
05 Apr 2010
(MENAFN) The Economic Times reported that Qatar has shown interest to invest in the Indian infrastructure sector, especially the power segment, as both countries will look at collaborations in the area.
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 percent 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 $167 billion in the power sector during 2007-12 period in order to add more than 90,000 MW of generation capacity.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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