British private-equity firm 3i Group Plc plans to launch a $1.5 billion infrastructure fund for India next year, as it looks to boost investments in sectors such as power, ports and roads.
3i had launched in 2008 a $1.2 billion fund for investment in infrastructure companies in India, and the private-equity group has already invested about 80 percent of that fund, Michael Queen said on Thursday.
"On the infrastructure side, India is the only country in the world where we have a dedicated country fund because the sheer growth opportunity here is more than anywhere else," Queen told Reuters in an interview.
3i's portfolio firms in India include Adani Power, an Indian independent power producer, which was listed in a $610 initial public offering in August 2009 and whose shares have risen nearly a third since then.
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