Hinduja investments in nuclear power

The global economic meltdown does not seem to faze the Hinduja Group. The group believes that the economic strength of India or any other country should not be measured by the performance of stock markets and has gone a tad forward proving that it would never believe so.

The Hinduja group is now extending itself into hitherto unfamiliar territory by pumping in investments in India’s nuclear power plants in collaboration with foreign partners. While going ahead with investments worth several billion dollars in 10 core sectors such as infrastructure, power, finance and banking, health care and automotive industry, the Hinduja group is set to invest in nuclear power plants. The decision comes close on the heels of the Indo-US nuclear deal. According to Group Chairman S P Hinduja, the business house is now talking to potential partners in nuclear energy.

Hinduja, who believes in the expertise of Prime Minister Manmohan Singh and his Finance Minister P Chidambaram, has opined that India can withstand the current global economic downturn, and that the Indian stock market is undergoing a correction which would not impact on the solid economic foundation of the country. India’s potentiality, the market size, investment opportunities it offers and the talent and skill of its people remain undiminished. Calling for availing more investment opportunities in India, SP Hinduja has also said that the PM and the FM has the experise to keep the reforms process going stronger.

With the group now deciding to pump in loads of money into nuclear power plants in collaboration with foreign partners, Hinduja’s has sought to act in favour of the Indian financial scene undeterred by the meltdown.