Infrastructure is still in for India-specific funds
by www.indiape.com on Sat 16 Aug 2008 12:50 PM IST | Permanent Link | Cosmos
At a time the global economy is slowing and investors are shying away from equity markets, the Indian
infrastructure sector contines to attract global equity funds. India-specific infrastructure funds worth over
Rs 30,000 crore are in various stages of being raised.
Important among them include a Rs 12,000-crore fund from ICICI ventures, a Rs 8,000-crore fund from
Macquarie Capital Group, the SBI and International Finance Corporation (IFC), and a Rs 4,000-crore fund
from Kotak Investment Advisors Ltd.
In this calender year, India-focussed infrastructure funds of around Rs 10,000 crore have been raised to
date. These include an over Rs 4,900-crore fund from 3i capital, Rs 2,000 crore offerings by Citigroup and
Rs 800 crore raised by AXIS PE.
Experts say with India going for a massive modernisation of infrastructure in the 11th Five-Year Plan
period, g