Wadhawan Holdings Private Ltd To Invest In Australia

With one billion people in their home market, it may seem a little surprising Indians would look abroad for investment opportunities.
But Mumbai’s Kapil Wadhawan is one such person, and says Australia is an attractive place to expand his business.
Mr Wadhawan is chairman of Wadhawan Holdings Private Ltd, a diversified company with interests in real estate, food, hospitality and dining operating in India and United Arab Emirates.
Mr Wadhawan, who was in Australia this week to work on a real estate project in Melbourne’s inner city, said there was merit in doing business internationally.
He said Australia and India had been long-term trading partners, and was encouraged by the willingness of those in Australia to engage further with India.
“There is a growing sense when we talk to the people here – the policymakers within Australia – that you would like to get more aligned with India,” Mr Wadhawan said.
“Trade has been growing between our two nations over the last couple of years right across different areas.”
Mr Wadhawan’s focus is on a potential site in Melbourne’s inner city, where he plans to build between 800 and 1000 apartments, a small retail precinct and hotel.
He described Melbourne as the “fashion capital” of Australia and a city with great potential, given the diverse population and large number of foreign students.
And he was unconcerned about recent indicators of a slumping Australian property market.
“The city centre lends itself to good development irrespective whether there is a lull in the demand,” Mr Wadhawan said.
Austrade senior trade commissioner for South Asia, Peter Linford, said he expected the number of Indians coming to Australia for business to increase.
“It’s broad based and becoming more broad,” Mr Linford said from New Delhi.
Initially, the investments were mainly in the resource sector, but had diversified to include to banking, information technology, hotels, manufacturing and biotechnology.

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  1. Posted August 4, 2008 at 2:57 am | Permalink

    World’s two fastest growing economies China and India will continue to witness boom in the real estate segments in smaller cities as both countries are expected to record strong growth in residential demand in the coming years, says a report. Further, investments volume in the two neighboring nations is projected to go up in the next few years. According to a report prepared by the research group of Germany’s Deutsche Bank, the long-term growth prospects for both countries “remain very good.” An important growth driver for the real estate market would be the increasing urban population in both countries. According to the report, another growth driver for both countries would be the rising population of working age. The working age population in India is projected to be on the upward curve in the coming years and would be above 65 per cent by 2050. Globalisation has helped the emerging economic giants to post double digit growth in recent years. Both countries have immensely benefited from increased trade and capital imports.For more view- realtydigest.blogspot.com

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