My previous post was about 3i Group (III/LN) expecting to have 20% of its assets in Asia two or three years from now. If you find that of interest, then you might read Bloomberg's report on what the company is planning in India:
3i Group Plc, Europe's biggest publicly traded buyout and venture capital firm, plans to raise $5 billion for a fund to invest in Indian ports, power plants and roads, two people with knowledge of the plan said.
The initial target will be for a $1.5 billion fund, with the remainder to be raised within five years, the people said, asking not to be identified before an announcement.
3i will use some of the funds in a venture with the government, which has a program to build $320 billion of infrastructure projects to ease bottlenecks. The investment presents the biggest opportunity to date for buyout firms operating in the world's second-fastest-growing major economy.
"There's a lot of capital flowing into India and all that capital needs to find a home which provides continued returns and growth,'' said Manoj Agarwal, executive director of mergers and acquisitions at ABN Amro Holding NV in Hong Kong. "A logical venue is infrastructure.''
On a related note, I've seen several people say that India's infrastructure is way behind that of Mainland China. I believe one was Jim Rogers, another more recently is John Naisbitt. If India is serious about improving its infrastructure and raising it to world-class standards, the country sounds like a good place to put some money to work.
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