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India's Hinduja family plan $50 bln spree -report

Mon May 5, 2008 5:37am EDT

LONDON, May 5 (Reuters) - India's Hinduja family is planning investments worth about $50 billion in India and abroad over the next five years, the Financial Times reported on Monday.

The investment spree will be led by a planned foray into oil and gas in Iran, the FT reported. The privately held group, run by four billionaire Indian brothers, also plans investments in real estate, automotives, power and infrastructure in India, Europe and the Middle East, the newspaper said.

The Hindujas control Ashok Leyland, India's second biggest truckmaker by sales, and Hinduja Foundries, one of the biggest automotive jobbing foundries. (Editing by Quentin Bryar)



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