Hinduja Group eyes Africa for business expansion

Hinduja group is planning to significantly expand presence inAfrica in areas ranging from transport, infrastructure and coal, and would look to partner governments of various African countries for its new businesses in the region.

The UK-based group, run by billionaire Hinduja brothers, is already present across various countries including India in sectors like banking, auto, energy, technology and healthcare and has a turnover of over USD 25 billion (about Rs 1.4 lakh crore).

"We at Hinduja group are planning significant expansion plans inAfrican countries. We are trying to create our business hubs in Kenya and in East Africa, in addition to out existing hubs in South Africa,Tanzania and Nigeria in the region," Group's Co-Chairman Gopichand Hinduja told PTI here.

Gopichand and his brother Prakash Hinduja were here to participate in the World Economic Forum ( WEF) Annual Meeting, during which they met government heads and top officials of various African countries and discussed their business plans.

Prakash Hinduja said the group is also looking at expansion in Latin American countries and its expansion plans in India, where it has previously announced investments totalling USD 30 billion over a five year period, are progressing on track.

The group's Indian units include commercial banking entity IndusInd BankBSE 0.01 %, lubricants and specialty chemicals firm Gulf OilBSE 2.86 % and commercial vehicle maker Ashok Leyland, among others.

"In Africa, there is so much to be done, but for now we are focussing on our existing strength in various business verticals and therefore focussing on sectors like transport, auto, lubricants, infrastructure and coal.

"We will focus on partnering the governments of various African countries and look at PPP model ofbusiness there," Gopichand Hinduja said.

Hinduja Group's Europe Chairman Prakash Hinduja said the two brothers met government heads of South Africa, Kenya and Nigeria, among others during the Davos meeting and discussed potential business opportunities in those countries.

"We are keen to work on public transport systems in African countries through Ashok LeylandBSE 0.40 % and we are in touch with the governments there in this regard.

"We are looking at entire African region and we have met top government officials from Tanzania, Kenya, South Africa, Ghana, Uganda, Ethiopia, Rwanda and Gabon here in this regard. 

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