Sahara India to invest in Dubai

Dubai, Jul 19: Indian conglomerate Sahara India Group is exploring business opportunities in the UAE ahead of its chairman Subrata Roy's visit here to look for potential projects in various sectors. Sahara India Group, which puts the market value of its assets at more than 50 billion dollars, has diversified business interests in areas such as finance, real estate, media and entertainment, tourism, and services.

Mr Roy will meet prominent business people and industrialists of the region and look at various large-scale projects underway in the UAE. The focus of his visit "will be on exploring business and investmentopportunities in UAE as well as in India,'' company spokesperson Abhijeet Sarckar said in a statement.

Sahara is a prominent player in the real estate industry of India and owns a huge land bank. It is developing 217 townships across India ranging from 100 acres to 300 acres each, he said.

Sahara owns three entertainment television channels, one national news channel, 36 regional news channels and publishes various newspapers and magazines in Hindi, English and Urdu, he added.

UNI