George Soros sets his sights on Indian retail sector

The Economic Times reports that the Indian retail industry has caught the attention of George Soros, world famous investor and one of the richest people in the world, who is keen on investing in the agro-based industries, retail and real estate sectors. He will be visiting India in mid December, when he also has plans to meet Prime Minister Manmohan Singh, and most likely be announcing which companies he is interested in.

Eddy Zuaiter, chief of Soros Fund Management, was in the country earlier to meet senior corporate and government officials, has already done the initial groundwork. Ashwani Kumar, Minister of state for commerce, is the coordinator between the Indian government and Soros, said,

"It signals that India is a good investment destination especially when people like Soros are investing their personal wealth."