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India’s infrastructure market continues to entice and, for some, to disappoint. While the government has made infrastructure development a priority and there are pockets of opportunity, the country still isn’t an easy market to invest in, finds Siddharth Poddar
India’s infrastructure success is a relatively recent story, at least from the perspective of attracting long-term institutional investment.
The asset manager is selling its Asian Infrastructure & Related Resources Opportunity platform to emerging markets specialist The Rohatyn Group for an undisclosed amount.
The two institutional investors have acquired 55% of shares in IndInfravit, an infrastructure investment vehicle sponsored by L&T IDPL.
The NY-based fund manager will acquire IDFC Alternatives’ infrastructure business, which will be rebranded as GIP India.
What opportunities could a country with more than 1 billion mobile subscribers offer infrastructure investors?
The power sector could save $16bn a year if it addresses issues such as power theft, high subsidies and massive overstaffing a Bank of America Merrill Lynch study finds.
The emerging markets-focused fund manager is selling Ostro Energy to CPPIB-backed ReNew Power for $1.5bn.
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