By M.C. Govardhana Rangan

Sept. 14 (Bloomberg) -- Citigroup Inc., partnering Blackstone Group LP in an infrastructure fund in India, expects to raise $1 billion to build roads, ports and utilities by next month, after a delay in setting up the fund.

``We are in the process of raising it,'' Sanjay Nayar, the chief executive officer for the bank's Indian unit, said in an interview in Mumbai today.

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Posted by rjorr at September 14, 2007 9:11 PM