Sahara India eyes UAE investment

Dubai: Indian conglomerate Sahara India Group said it will explore business opportunities in the UAE. Its chairman Subrata Roy will be in the UAE today to look for potential projects in various sectors.

Sahara India Group, which puts the market value of its assets at more than $50 billion, has diversified business interests in areas such as finance, real estate, media and entertainment, tourism, and services.

Roy will meet prominent business people and industrialists of the region and look at various large-scale projects underway in the UAE. The focus of his visit "will be on exploring business and investment opportunities in UAE as well as in India, company spokesman Abhijet Sarckar said in a statement.

Real estate focus

Sahara is a prominent player in the real estate industry of India and owns a huge land bank. It is developing 217 townships across India ranging from 100 acres to 300 acres each.

Sahara owns three entertainment television channels, one national news channel, 36 regional news channels and publishes various newspapers and magazines in Hindi, English and Urdu.