Interviews
Trade & investment opportunities at India-GCC Industrial Forum
30 May '07
4 min read
India is looking at providing refining services to the Gulf. I invite oil companies from the Gulf to set up their facilities in India as it will not only add a new dimension to our India-GCC trade but also help in enhancing capacities.
At the same time, we should also look at partnering in areas that go beyond just oil. Infrastructure is one area where India offers immense opportunities for investment. We have estimated the requirement of infrastructure sector to be about US$ 320 billion in the next five years.
"India plans to add 100,000 MWs of power in the next ten years. There is potential for investment in LNG terminals as India is a gas deficient country. Air passenger traffic has grown in excess of 30 per cent in the last three years. I expect investors from this region to actively participate in the ongoing airport modernization programs across the country”, he said
Exciting opportunities also exist in India on farm and food processing sector, as value addition in this area is only 16%, despite the fact that India is among the world's largest producer, he said adding that India's investment requirement in this would be around 15 billion.
Gems and jewellery, healthcare and biotechnology were the other areas flagged by Mr Kamal Nath for Gulf investors. “I invite investors from the GCC countries to make the most of the opportunities that India provides by entering into joint ventures, collaborations and partnerships in different sectors.
There is political will on both sides to take the India-GCC trade to the next higher level of engagement and now the onus is on the trade and investment community to translate this will into a reality that augurs well for both sides”, he stressed.
At the same time, we should also look at partnering in areas that go beyond just oil. Infrastructure is one area where India offers immense opportunities for investment. We have estimated the requirement of infrastructure sector to be about US$ 320 billion in the next five years.
"India plans to add 100,000 MWs of power in the next ten years. There is potential for investment in LNG terminals as India is a gas deficient country. Air passenger traffic has grown in excess of 30 per cent in the last three years. I expect investors from this region to actively participate in the ongoing airport modernization programs across the country”, he said
Exciting opportunities also exist in India on farm and food processing sector, as value addition in this area is only 16%, despite the fact that India is among the world's largest producer, he said adding that India's investment requirement in this would be around 15 billion.
Gems and jewellery, healthcare and biotechnology were the other areas flagged by Mr Kamal Nath for Gulf investors. “I invite investors from the GCC countries to make the most of the opportunities that India provides by entering into joint ventures, collaborations and partnerships in different sectors.
There is political will on both sides to take the India-GCC trade to the next higher level of engagement and now the onus is on the trade and investment community to translate this will into a reality that augurs well for both sides”, he stressed.
Press Information Bureau Government of India
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