Conglomerate NMC Group, which provides professional medical services, also has a interest in India’s growing economy.
Investments were largely in fossil fuel and alternative energy sectors. India is the fourth-largest producer and consumer of electricity in the world. The country has been rapidly expanding its infrastructure to meet the demands of a growing population – India is the second largest country by population in the world.
For instance, last week, the government raised its solar power generation capacity to 100 gigawatts from current 20 gigawatts by 2022, according to ThinkProgress. The country is expected to add more solar capacity this year than Germany and will become one of the top five solar markets globally.
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Max Chen contributed to this article.