Citigroup Sees India Luring $100 Billion in Foreign Investment [Financial Post (Toronto, Ontario, Canada)]
Citigroup, Inc. (C)
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Source: Financial Post
climate-change projects in the world's most-populous country, according to a Citigroup Inc. banker. Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Foreign investors will likely deploy as much as $100 billion in India this fiscal year, drawn to high-tech manufacturing, infrastructure and climate-change projects in the world's most-populous country, according to a Citigroup Inc. banker. Companies working to help India meet its net-zero goals will be among the beneficiaries of the foreign capital flows, according to K Balasubramanian, head of corporate banking for Southeast Asia and the Indian subcontinent. “Climate transition is playing out in a big way, likely triggering a bout of foreign fund inflows,” Balasubramanian, known as Bala, said in an interview in Mumbai. India's government aims to attract $110 billion a year in foreign direct investment over the next seven years as the South Asia
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