In a bid to become a leading exporter of refined petroleum products, India is seeking partners from UAE and Gulf to invest in refining and petrochemical projects in Andhra Pradesh, Karnataka, Orissa and Gujarat. Investors from the Gulf region have the advantage of geographical proximity with India, and the surplus liquidity to invest as well as the intent to diversify its basket of foreign investments.
India offers the advantages of lower costs of setting up and running manufacturing businesses compared to Europe, along with a solid economic growth. By 2025, India will surpass Germany as the fifth largest consumer nation in the world, with Indians spending US$340 billion pa on goods.
09-Aug-07 
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