Actis to pump in US$1 bn in India in 3-4 yrs
Submitted by Mandeep Singh on Tue, 12/02/2008 - 07:12
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."
The sources further revealed that Actis has been eyeing at getting a larger footing into India, they have been in this market for past decade. The company officials said that they are an outstanding group of investors who continue to recognise the opportunities for private equity investment across the emerging markets, in spit of current economic slump.
