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India to seek investment from other BRICS members in priority projects

NEW DELHI
2016-03-17 18:26

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The Indian government is preparing a list of priority projects for attracting investments from other BRICS nations, local daily The Hindu reported Thursday.

The newspaper quoted official sources here as saying the list of big projects will be taken up for discussion during the next month's meeting of the bloc's Contact Group on Economic and Trade Issues (CGETI) to be held in the Indian capital.

Investments would be sought for mostly the infrastructure sector from other member nations, said the report. The CGETI meeting will be attended by high-level government officials to set the agenda for the BRICS trade and economy ministers' meeting. India is chairing the BRICS for an 11-month term till December 2016.

BRICS groups Brazil, Russia, India China and South Africa. India's list of projects will be similar to what Russia brought out during its term as the chair of the BRICS last year, according to the report.

The Russian list had included about 60 projects in oil and gas, coal, water resources, high-tech manufacturing, mining, engineering, aviation, agriculture, transport and logistics, information technology and satellite communication.

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