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Our Bureau

Kochi, Aug. 25 The UAE-based multi-billion dollar business conglomerate, S. S. Lootah Group, which has varied investment interests across a broad spectrum of industries in the UAE, Asia, Africa and Europe, is keen to invest in infrastructure, oil and gas, energy, IT and health sectors in India and has identified potential partners after a four-day visit to the country.

“We have fruitful discussions with potential partners across various sectors of interest and are in advanced stages of discussions with possible partners for operations in India and third countries,” Mr Yahya Lootah, Vice-Chairman of the S.S. Lootah Group, told reporters here.

Mr Yahya, who led the delegation to India, visited New Delhi, Thiruvananthapuram and Kochi.

The delegation visited the Technopark campus in Thiruvananthapuram and met the State Industries Minister, Mr Elamanam Karim, and senior representatives of Kerala State Industrial Development Corporation.

In New Delhi, the delegation had met the Union Minister for Health, Dr Anbumani Ramdoss, the Minister of State for Unconventional Energy, Mr Vilas Muttemwar, and the Minister of State for External Affairs, Mr E. Ahmed. It also explored avenues to work with GAIL, NTPC, ONGC and Bharat Petroleum in third countries.

The S.S. Lootah Group is to open its representative office in India this year. The fully owned subsidiary will be an arm of the Group’s international operations under S.S. Lootah International. Commenting on the Group’s entry into India, Mr Yahya said that the Group’s aim is to explore avenues which lead to human development, apart from bringing in investment.

Cumulative trade between India and the UAE has grown substantially over the years and was to the tune of over $18 billion during April 2006-February 2007 compared with over $11 billion during the previous corresponding period in 2005-2006. The UAE is the second largest destination for India’s exports after the US.

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