Soros group keen on Indian SEZs

Unaffected by controversies, global financial market heavyweight Soros group, has approached the Centre, expressing interest to invest in Special Economic Zones (SEZs) in India.

Soros Foundation Deputy Chairman Robert Soros, son of legendary investor George Soros, met top officials of the Commerce Ministry last week and conveyed his interest in investing in SEZs.

Soros sought clarity on government's SEZ policy from officials and inquired the finer details about the fiscal incentives provided in the Act.

According to sources, the Soros family, known for running highly successful funds all over the world, is keen on investing in multi-product SEZs which would require at least 1,000 hectare of land. Soros also showed interest in technology zones.

However, the group has not yet zeroed in on the location.

"Besides Soros, investors from Japan and Singapore who were sitting on the sidelines so for, have started showing interest in coming to India with huge investments in SEZs," the sources said. However, officials are worried over the fact that if controversies continue the global investors may get discouraged. Already FDI worth $14 billion is expected to flow to 63 SEZs, which have been already been notified by the government.