The UK-based Hinduja brothers are evaluating the possibility of setting up a truck assembly and bus body-building unit in Dubai through their Indian flagship Ashok Leyland, the Hinduja group chairman said yesterday.
Srichand P. Hinduja told reporters after a board meeting of IndusInd Holding that Dubai had limited manufacturing capability.
Younger brother Ashok Hinduja said the trucks assembled in Dubai could be sold across the Gulf, would be cheaper than those available now.
Srichand Hinduja said Indus Ind Holding would shortly float a $1 billion fund that will invest in listed and private infrastructure companies in India, Qatar and Abu Dhabi.
