Dubai (PTI): India's leading private sector bank ICICI has chosen Dubai for the global launch of a fund that will focus on India's infrastructure and real estate sectors.

A lot of investors from the Gulf are keen on investing in the country's infrastructure which would need nearly USD 500 billion in the few years.

ICICI Group Global Private Clients unveiled the 'IOPM Infrastructure and Real Estate Fund', a first of its kind offshore close-ended thematic fund. ICICI Bank is the sole arranger for the fund, which would be available for ICICI bank global private clients on a private placement basis.

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Posted by dcjaya at January 23, 2008 3:01 PM