MUMBAI: A slew of cash-rich private equity funds in the Arab world are looking at various investment options in India. If one goes by numbers, there are about 15 GCC (Gulf Co-operation Council) institutions, with a fund size of $10,464 million (about Rs 42,000 crore), willing to allocate a considerable portion of the funds in Indian equities and other private equity opportunities.

Shifting political scenario in America and Europe, post 9/11 and concerns of a probable slowdown in developed economies are encouraging Gulf-based investors to turn their focus to growth economies like India and China.

"Robust GDP growth, requirement for huge investment in key spaces like infrastructure and real estate, high returns on equity are some of the reasons why Gulf investors are flocking into India. India's legal framework which protects foreign investors is one of the best in emerging countries,"said Gulf-based Global Investment House's senior vice-president and international investment head Shailesh Dash. Full Story...

Posted by dcjaya at December 26, 2007 9:47 PM