DIC plans major new investments in India

Dubai: Dubai International Capital said it plans to make "big" acquisitions in India, adding to the $1 billion already invested there.

DIC Chief Executive Officer Sameer Al Ansari said, "We have big deals in the pipeline … We are very actively looking at more things in India" to tap the country's growing economy and population.

Areas of interest include petrochemicals, oil and gas, tourism and travel, Ansari said, declining to be more specific.