 "A flag bearing the logo of Lotte Hotel flutters at a Lotte Hotel in Seoul, South Korea. Photo: Reuters")
South Korea’s Lotte Group and French carmaker PSA Group have separately discussed proposals to invest as much as $6 billion combined in India, a move that would boost Prime Minister Narendra Modi’s attempts to attract foreign capital in India, a person with direct knowledge of the matter said.
Lotte may invest between $3 billion and $5 billion in the next five years.
PSA plans to spend about $1.2 billion to build a car factory and an engine plant in southern India.
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