Oct. 30 (Bloomberg) -- JPMorgan Chase & Co., the third- largest U.S. bank, set up a $2 billion fund focusing on infrastructure investments in India, where spending on roads, ports and power may double over the next five years.

The fund will be ready to invest in companies and projects by the end of this year, Anil Bhalla, managing director of the Asian Clients Group at J.P. Morgan Securities Inc., said in an interview in Mumbai yesterday.

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Posted by rjorr at October 30, 2007 8:57 PM