Confident that India can withstand the current global economic downturn, the Hinduja group today said that they were widening the scope of th eir investments in India to include nuclear power plants in collaboration with foreign partners.
The group Chairman S P Hinduja said here that the economic strength of India or any other country should not not be measured by the performance of stock markets. "The Indian stock market is undergoing a correction which would not not impact on the solid economic foundation of the country. India's potentiality, the market size, investment opportunities it offers and the talent and skill of its people remain undiminished," he said in an interview. "In fact, this is the time to avail of investment opportunities in India. We are confident that Prime Minister Manmohan Singh, the architect of free market economy, and Finance Minister P Chidambaram will continue the reform process so that investors face no no hurdles," he said. Besides continuing its investments worth several billion dollars in 10 core sectors such as infrastructure, power, finance and banking, health care and automotive industry, the Hinduja group was now now looking at investing in nuclear power plants against the backdrop of the Indo-US nuclear deal. The group was in discussion with potential partners in nuclear energy, Hinduja said but declined to give further details. B.Karthick Research Analyst --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
