| Hindujas, Dubai World plan $1bn health biz |
| BS Reporter / New Delhi March 26, 2007 |
| The Hinduja Group has signed a deal with Dubai World, the holding company that manages and supervises the portfolio of businesses and projects for the Dubai government, for massive infrastructrure development projects in Dubai and India. While the Hindujas will spend Rs 1,200 crore in Dubai to set up a world-class waterfront project spread over two million sq ft, Dubai World will partner Hindujas in their attempt to set up a chain of hospitals across India. The initial investment in the healthcare project is Rs 4,400 crore ($1 billion) that is to be equally contributed by the partners. Hindujas are also exploring the possibilities of establishing a manufacturing unit for Ashok Leyland, the group |
