Actis

Actis to pump in US$1 bn in India in 3-4 yrs

Expressing confidence in India in spite of Mumbai terror attacks, Actis, a leading worldwide private equity investor, has announced that it has decided to pump one billion US dollar (over Rs 5,000 crore) in the country in the coming 3-4 fiscals.

According to the sources, the firm, has raised 2.9 billion US dollar for pumping across emerging markets.

While commenting on the investment, Mr. J M Trivedi, Actis Partner and Head for South Asia stated, "We remain positive on the Indian growth story and will continue to build value for our partners and investors."

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