ANOTHER CONGLOMERATE EYES THE AFRICAN MARKET
05 Feb 2014 – And Ventures Africa shares the interesting news that Indian conglomerate Hinduja Group plans to expand its business across the African region, especially in the automotive, technology and energy sectors.
This information was disclosed at the just concluded World Economic Forum (WEF) by the Group’s Europe Chairman, PrakashHinduja.
We are told that as part of its Africa expansion plan, the trans-national conglomerate, which has interests in the automotive, oil and gas, power and healthcare sectors, has partnered with Stallion Group for a wide range of activities in Nigeria and sub-Saharan Africa. This move will tie in neatly with the new automotive policy designed by the Nigerian Government which seeks to make new cars affordable to more Nigerians by encouraging the establishment of a local vehicle manufacturing industry.
Stallion is already assembling Hinduja’s Ashok Leyland range of buses in Nigeria and with the new partnership, both companies hope to expand their model range from the present two to twelve models.