European private equity major 3i Group Plc continues to be bullish on the Indian infrastructure story as its chief executive officer feels that the asset could give the highest private equity returns.

3i manages a $1.2-billion dedicated for the Indian infrastructure space and has offices in Mumbai and New Delhi. Michael Queen, CEO who took over 3i last year, told Financial News, that the infrastructure gap in India is dramatic and requires large investment over the next 10 years.

Several India and Asia-focused infrastructure funds, besides the generic PE funds, are looking at the infrastructure opportunity in India. These include investments in core areas like power, transportation, logistics and social infrastructure like education and healthcare.

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Posted by mopeng at February 15, 2010 2:52 PM