Source: Zee News

New Delhi, Dec 21: Global financial services major Citigroup today said it was in discussion with the government for starting an equity fund to finance infrastructure development in the country.

"We have had only a discussion (with the government) for doing something in the infrastructure sector on the equity side....But it is only a concept right now," Citigroup India CEO Sanjay Nayar told reporters on the sidelines of the Citigroup Micro Entrepreneur Awards 2006.

Finance ministry sources had earlier said that talks for setting up an infrastructure fund were in a very preliminary stage with the financial major and the exact size of the fund was yet to be known.

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Posted by pichu at December 21, 2006 2:21 PM