India identifies ‘sunrise sectors’ for Gulf investors

NEW DELHI / WAM

The Indian government has identified “sunrise sectors” for investors in the Gulf with the thrust on joint ventures in infrastructure and manufacturing, integrating into supply chains and tapping sovereign wealth funds.
This was stated by the Minister of State for External Affairs, V Muraleedharan, in his keynote address to a panel discussion here on “India and the Gulf: Leveraging energy partnerships, investment opportunities and emerging technologies.”
The sunrise sectors are food products, high efficiency solar photovoltaic cells, electronic and technology products, auto components, pharmaceuticals, telecom and networking products, specialty steels, white goods and advanced chemical cell batteries.
Referring to an ongoing initiative by the government to “Make in India – Make for World.” Muraleedharan said: “In this endeavour, India will be dependent on attracting in particular from the Gulf countries.”