Quality Group International, a top Qatar-based Indian company, plans to invest QR55 million ($15 million) in retail and infrastructural development projects in India during the current financial year, a report said.

The move comes as part of the NRI (Non-resident Indian) investment programme initiated by the government of the Indian state Karnataka, The Peninsula reported, citing a statement.

 “Two divisions of the engineering company also started this year. Fourth project for Karnataka is in retail field at NRI Layout area of Bangalore city. It is expected to be completed in the coming March,” Shamsudheen Olakara, chairman of the company, was quoted as saying in the report.

“We consider South India as a very important market for us and our experience of success and accomplishment in the retail and engineering industries are sure to help us become the most popular brand in the region. We are also planning to invest in retail and agriculture sector of Kerala,” Shamsudheen added.