New Delhi: For expanding its reach in different segments including airports and power within the country and overseas, Infrastructure major GMR Group plans to invest Rs 35,000 crore in the next five years.

G M Rao, GMR Group Chairman said, “Our advisors have been working with us to chart out future plans for us in areas such as power, airports and special economic zones. We have already formulated a strategy, which will see us expanding both in India and overseas.”

Mr. Rao stated that the group was enthusiastically looking for all possible growth chances in India as well as abroad. The company is looking to take up similar endeavours out of the country, he said.

"For instance, in Turkey we are already present in the airport project, and if the power sector is opened up there we will partake in it," Rao added.

But, according to the industry estimations, which are based on group’s continuing projects the overall investments across various sections could easily be Rs 35.000 crore by 2012.

GMR’s anticipated investment in two airport projects in Hyderabad and Delhi stood at Rs 14.000 crore, whilst its SEZ projects investment could be around Rs 10,000 crore and the power segment can see a fund infusion of more than Rs 8,000 crore.

Recently, the GMR group has signed up a memorandum of understanding (MoU) with Tamil Nadu administration for a 3,300 acre multi-product SEZ project at Krishnagiri with a total investment of Rs 2,300 crore. The overall development cost would be about Rs 11,000 crore.