India’s wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.
The Jindal family, ranked among the world’s top 80 richest by Forbes, in May bought two minor stakes, worth a total of A$26 million (US$26.99 million), in Australian iron ore and coal mines through Jindal Steel & Power.
via Business feed http://www.scmp.com/business/economy/article/1052938/indias-rich-grab-australian-assets
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