Qatar eyeing investment in Indian power sector: Reports
05 Apr 2010
Qatar is reported to have evinced interest in investing in the Indian infrastructure sector, especially the power segment, and both countries will look at areas for collaboration.
A delegation from India is expected to visit Qatar soon to discuss prospects for investment.
"There are Qatari interests in India's power sector and very soon we will be able to see (announcements)," India's ambassador to Qatar, Deepa Gopalan Wadhwa said, while addressing a meeting of the Institute of Chartered Accountants of India (ICAI), Doha chapter.
According to the envoy, the Qatari investment would be in the Indian power generation sector.
India allows 100 per cent foreign direct investment in power sector in areas of generation, transmission and distribution.
With the fifth largest generation capacity in the world, India needs investments or about $167 billion in the power sector during the 2007-12 period for addition of generation capacity exceeding 90,000 MW.
