Hinduja to pump in 1,200 cr in Dubai's realty biz

By Staff
|
Google Oneindia News

New Delhi, Mar 26: Hinduja Group today said it will invest Rs 1,200 crore to develop resort and commercial projects in Dubai covering an area of two million square feet.

For this project, lands have already been purchased in the Waterfront Project of Al Nakheel, which is a member of Dubai World -- a leading business group there.

Besides, the group plans to set up a manufacturing unit for its flagship firm Ashok Leyland Ltd in Dubai.

In this regard, an agreement was signed here today between Dubai World Chairman Sultan Ahmed Bin Sulayem and Ashok Leyland Ltd Managing Director R Seshasayee in the presence of Dubai ruler Sheikh Mohammed Bin Rashid Al Makhtoum.

UNI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X