EBRD chief Suma Ckakrabarti to discuss investment plans with Indian firms

Last Updated: Sat, Mar 02, 2013 10:30 hrs

New Delhi, Mar 2 (IANS) Suma Chakrabarti, the India-born president of the European Bank for Reconstruction and Development (EBRD), will visit India next week to discuss investment opportunities with Indian firms.

During his March 4-7 visit, Chakrabatrti will hold talks with the officials of leading Indian firms like Mahindra & Mahindra, Reliance Industries, JSW, Tata group, EXIM Bank and ICICI Bank, EBRD said in a statement.

Meetings with the industrialists will take place in Mumbai.

Chakrabatrti is also scheduled to meet Finance Minister P. Chidambaram and other senior government officials in New Delhi.

Established in 1991 after the fall of the Berlin Wall, the EBRD supports the development of well-functioning market economies, primarily in central and eastern Europe and the former Soviet Union and more recently in countries in the Middle East and North Africa.

Investing mainly in the private sector, the EBRD often teams with high-quality corporations to ensure a transfer of technology and know-how to emerging economies.

The EBRD invests across the economic spectrum in the countries where it is active - but sectors of particular interest for Indian companies could be manufacturing and services, such as petrochemicals, automotives, metal and steel production, as well as agribusiness, communications and information technology, the statement said.

The cumulative value of joint India-EBRD investments since the EBRD started operations stood at 806.8 million euro ($1.05 billion) as on Dec 31, 2012.

Born in Jalpaiguri, West Bengal, and a British national with a knighthood, Chakrabarti is a permanent secretary in Britain's justice ministry.

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