Indian cos to invest Rs 4,500 cr in Maldives

Indian companies have lined up investments in tourism, hospitality, health care, real estate and energy sectors, etc, worth around Rs 4,500 crore in Maldives, over the next two to three years. The Oberoi Group is in talks with the government for promoting mid-end and budget hotels, along with Indian partners. Tata Group will build 1,000 houses by 2011. Suzlon has signed an agreement for setting up a 25 MW wind energy farm in the southern Maldives. GMR Group will develop an international port in northern parts of Maldives worth Rs 1,245 crore. Apollo Hospitals will manage the Indira Gandhi Memorial Hospital at Maldives at an investment of around Rs 115 crore.