Indian companies have identified 69 projects worth over 150 billion dollars in areas of real estate, healthcare, education and tourism for investment from Arab countries.
The proposals would be discussed at the two-day India-Arab Investment Projects Conclave beginning on Friday, organised by industry body FICCI and to be attended by CEOs of over 100 companies from 13 Arab countries.
“There is interest across Arab countries to invest in India's infrastructure, real estate, transportation, healthcare, education, IT and agro-processing sectors,” FICCI Secretary General Amit Mitra said in a release.
The conclave, aimed at deepening economic engagement between India and Arab nations, would see participation of companies and government officials from Sudan, Egypt and Saudi Arabia.
The conclave would focus on forging joint ventures and technical collaboration in sectors such as food processing, engineering, banking, venture capital, insurance, chemicals, oil and gas, SEZs and manufacturing, the release said.
Source: Financial Express