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Led by Chinese, nearly 600 companies line up $85 billion investments in India

NEW DELHI: Sany Heavy Industry heads up a list of close to 600 companies planning to invest a total of about $85 billion in India in projects that will create an estimated 700,000 jobs in the country in next five years.  Invest India , the government's foreign investment promotion agency, is planning to actively promote the country as an investment destination and has drawn up a list of 200 companies not present in India that it wants to target.  "We want to achieve a $100 billion target of foreign investment in the next two years — both greenfield and brownfield," said Invest India managing director Deepak Bagla. India recorded its highest FDI (foreign direct investment) in FY17 at $43 billion, up 9 per cent over the previous year.  One of the world's leading engineering machinery manufacturers, China's Sany Heavy Industry plans an investment of $9.8 billion.  Amazon , along with several other Chinese companies — Pacific Construction, China Fortune Land Develo...