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Hindujas to set up JVs with Qatar
NEW DELHI:
The Hinduja Group today announced major investment initiatives totalling up to $10 billion with Qatar for infrastructure projects through an Indo-Qatar fund with an initial corpus of $1 billion.
"The Hindujas and the Qatar Government would contribute equally to the fund ($500 million each) as corpus for projects in India and Qatar to set up manufacturing facilities and infrastructure projects,'' R. J. Shahaney, Chairman of Hinduja group company Ashok Leyland Project Services Ltd, told PTI.
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