Wednesday, 29 June 2016
Last updated 18 min ago
Mar 18 2008 | 9:59am ET
Mumbai, India-based Investment firm Quantum Equity Advisors yesterday unveiled a $500 million private equity fund. The new vehicle, dubbed the Q India Fund, will focus on investments in infrastructure projects and companies in India.
According to a finance ministry report, India will need US$500 billion to US$515 billion before fiscal year 2011/12 to upgrade its infrastructure, and 30% of the total spending is expected to come from the private sector.
“This has created a tremendous opportunity for private equity in infrastructure over the coming years," Quantum Equity said in a statement.