Hinduja Group plans to invest US$30 billion in India

India’s Hinduja Group plans to make overseas acquisitions and is looking to invest US$30 billion in the country over the next five years, the Business Standard reported, citing Chairman Ashok P. Hinduja. According to the report, most of the conglomerate’s domestic investment would be in the power sector. The group plans to set up 10,000 megawatts of generation capacity, the report cited Co-Chairman G.P. Hinduja as saying. “We are looking at Gujarat, Maharashtra and Uttar Pradesh (states) to set up these power plants. These could be thermal power plants,” Chairman Ashok P. Hinduja was quoted as saying. (June 3, 2010)