Khaleej Finance and Investment explores opportunities in India

Mr. Hadi was accompanied by a team of Directors of Investment and Wealth Management at KFI on his recent visit to India.

Mr. Hadi explained the impact of the ambitious and positive reforms implemented by the Indian government, "Reforms have deregulated the economy and made it more liberal, as they have stimulated foreign investments. They contributed to a remarkable increase, since 1991, in the Gross Domestic Product (GDP) which may reach USD 800 billion by 2007."

He further noted that experts believe that the Indian capital markets are among the most regulated and stable in the world with an average capitalization of over USD 600 billion. He said: "India is one of the most preferred destinations especially because the country has proven its caliber in different fields and sectors, notably industry, energy, chemicals and pharmaceuticals.

Mr. Hadi referred to the Indian skilled managerial and technical manpower as the most important factor in the Indian market for foreign investors, as it matches the best in the world. "India's middle class exceeds the population of the USA or the European Union. Consequently, it provides India with a distinct cutting edge in global competition, especially since most Indian institutions are time tested, and the investment climate is excellent for long and medium term investments", he added.

Finally, Mr. Hadi mentioned that his visit with a specialized team to a number of the most important and biggest Indian cities made KFI realize the growing interest of the foreign investors in sectors such as energy, telecommunication, food processing, metallurgical industry, transportation, pharmaceuticals, chemicals and cement.