Monday, December 18, 2006

Soros set for first visit to India

Legendary investor George Soros is set to arrive in New Delhi on Monday for his first-ever visit to India. While the visit was dubbed as being “more on the personal side” by a member of his advance party, he is expected to meet CEOs, senior government officials, and get a sense of the Indian markets during his near week-long visit.

The 76-year-old Mr Soros will make his first public appearance in the capital on Tuesday, at an event being jointly organised by Ficci and the Sriram Centre for Industrial Relations & Human Resources (SRC). Here, he will release his new book titled The Age of Fallibility, which talks about the consequence of war on terror.

Following the book release, Mr Soros is also expected to touch base with some senior Indian policy makers and ministers. According to sources, he will meet top officals from the commerce ministry and unconfirmed reports suggest that a meeting with the PM could also be on the cards.

Mr Soros is also scheduled to meet select CEOs at a meeting in Mumbai on Friday. CEOs of the companies in which his funds have invested such as Fortis Healthcare’s Shivinder Singh, Ansal API’s Sushil Ansal and Unitech’s Sanjay Chandra have been invited for the meeting.

Sources say Mr Soros is considering stepping up his investments in India, with retail and real estate being areas of special interest. He has already invested close to Rs 100 crore for stakes in three prominent real estate players — Ansal Properties & Infrastructure, Unitech and Anant Raj Industries. Mr Soros also has investments in GMR Infrastructure and Fortis Healthcare.


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