To set up import terminal and floating gas storage units
Foresight Group International, a $2 billion London-based shipping-to-retailing entity started by a former Shipping Corporation of India (SCI) senior executive, plans to invest $500 million in India across offshore drilling, shipping, port terminal and LNG sectors in the next five years.
The main objective of the group is to build a reliable and cost-effective LNG supply chain for India to meet its energy requirement needs.
“Being an Indian, there’s no greater emotion than investing for the growth of our motherland. India always has had great prospects in terms of the LNG and port sectors. We will be making investments across various sectors in India with a long-term growth perspective,” Dr. Ravi K. Mehrotra founder and executive chairman, Foresight Group International, said.
Read more on The Hindu.