Kuwait firm eyes health & education sector in India

The Kuwait Investment Authority (KIA), an autonomous government body responsible for managing various funds for the Arab nation, today said it plans to invest in education and healthcare in India.

"Kuwait Investment Authority is scouting for opportunities in education and healthcare in India," Kuwait Ambassador S M Al-Sulaiman said at an interactive session with Bengal National Chamber of Commerce and Industry here.

However, nothing had been finalised so far. KIA so far already invested about $1 billion in India.

Kuwait Petroleum Company was negotiating to join ONGC and IOC for investing in fertiliser, oil & gas and petroleum sector, Al-Sulaiman said.

He said they were also discussing with India to their airlines to touch more cities like Ahmedabad, Bangalore, Kolkata and Hyderabad.