Soros keen to invest in Indian SEZs

Posted online: Thursday, February 08, 2007 at 0000 hours IST

NEW DELHI, FEB 7 : Unaffected by controversies, global financial market
heavyweight Soros group, has approached the centre, expressing interest
to invest in Special Economic Zones (sezs) in India.
Soros foundation deputy chairman Robert Soros, son of legendary investor
George Soros, met top officials of the commerce ministry last week and
conveyed his interest in investing in SEZs.

Soros sought clarity on government’s SEZ policy from officials and
enquired the finer details about the fiscal incentives provided in the act.

According to sources, the Soros family, known for running highly
successful funds all over the world, is keen on investing in
multi-product sezs which would require at least 1,000 hectare of land.
Soros also showed interest in technology zones.

However, the group has not yet zeroed in on the location. “Besides
Soros, investors from Japan and Singapore who were sitting on the
sidelines so for, have started showing interest in coming to India with
huge investments in SEZs,” sources said. However, officials are worried
over the fact that if controversies continue the global investors may
get discouraged.

Already FDI worth $14 billion is expected to flow to 63 SEZs, which have
been already been notified by the government.
http://www.financialexpress.com/fe_full_story.php?content_id=154074