By Netty Ismail

Source: Bloomberg

Feb. 28 (Bloomberg) -- AMP Capital Investors, the fund management unit of Australia's biggest life insurer, may raise as much as $500 million to invest in Asian power and port projects, with more than half destined for India.

AMP Capital may raise $400 million to $500 million for its next fund ``which will concentrate substantially on Indian infrastructure,'' said Singapore-based Krishan Sehgal, who oversees the firm's investments in Asia, in an interview.

AMP Capital, Citigroup Inc., Blackstone Group Holdings LP and other private-equity investors are flocking to India as the government seeks to build and modernize $320 billion worth of airports, power plants, ports and other infrastructure by 2012. India's economy grew 9 percent to $854 billion last year, a pace second to China among the world's major economies.

Full story...

Posted by pichu at February 28, 2007 3:28 PM