India Developing, but still a long way to go

[@nline]

 

[Water Car Engineer]

UPDATE 1-India Kotak Mahindra to launch $300 mln infra funds

Japan's SMBC and Canada's Brookfield cornerstone investors
* Funds to invest in areas including power, roads and ports (Adds details, background)

MUMBAI, March 10 (Reuters) - India's Kotak Mahindra Group is seeking to raise private-equity funds of about $300 million from local and international investors to invest in infrastructure projects in the world's second-fastest growing major economy.

Japan's Sumitomo Mitsui Banking Corp and Canada's Brookfield Asset Management (BAMa.TO) will participate in the fund as cornerstone investors, with the three entities contributing up to 22.5 percent of the funds' capital, Kotak Mahindra said in a statement.

India, Asia's third-largest economy, has said it needs to double infrastructure spending to $1 trillion in the five-year period starting 2012, with private-sector investment contributing a significant share.

It spends about 6 percent of its GDP on infrastructure, less than several countries in Asia, and nearly half of the 11 percent invested by larger rival China.

Kotak Mahindra said its funds will invest mainly in power generation and transmission, roads, ports, airports and other infrastructure projects including water treatment and supply, waste management, gas transmission, and also in infrastructure holding companies.

Kotak Mahindra Group said Kotak Investment Advisors Ltd will manage a domestic fund, while another group firm Kotak Mahindra (UK) Ltd will manage an offshore fund.

Private-equity investment in India nearly doubled last year to about $8 billion, according to Venture Intelligence, a research firm.

In December, British private-equity firm 3i Group Plc (III.L) said it planned to launch a $1.5 billion infrastructure fund for India in 2011, as it looks to boost investments in sectors such as power, ports and roads. [ID:nSGE6B108F] (Reporting by Neha Singh and Devidutta Tripathy; Editing by Aradhana Aravindan)

 

[Imran Khan]

heeeey guys are food prises so high i was reading news and got this one.?

 

[Zeeshan360]

Hi troll !!

 

[kingkobra]

and now prices are so low that farmers are demanding increase in price.
Middle man chain is killing both farmers and end users...
Indian government must do something to break this chain...

 

[Zeeshan360]

Onion price went high to 80 rs/kg .
When government started raids the prices came down to 2 rs/kg in wholesale market.

This shows height of hoarding done by middle men .

Government is planning to fully open the retailer sector .
Allowing 100% FDI in it .
But I dont think it could be tht easy as opposition and traders union will organize mass protests

 

[Water Car Engineer]

India's slaves become leaders

 

[Humanist]

 

[Humanist]

 

[ehsanm1]

Woah, I'm truly speechless! Great to see India developing and on the right path to being a superpower/Asian tiger.

 

[Humanist]

 

[Humanist]

 

[Humanist]

 

[Humanist]

This video shows how big is infosys. Nice video.

 

[Gentle Typhoon]

Pondicherry is breath-taking, but needs new Bus Station very badly, heck I live in small town 1/10 of Pondicherry but we have very modern Station.

BTW some1 forward this thread link to Punjab Politicians, Akalis-BJP-Congress all took advantage of this historic land. We are richest state in India on paper, but I don't see any new projects, Grand Truck Road is lifeline of India, Dunno how can Govt. afford to neglect infrastructure.