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Strategic Investments |
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Category:Business & Entrepreneurs
Author:ganeshsrinivasan
Created:2007-07-07
Active members:0
Messages:1
Join type:Admin approves
This Group is for focused interaction and joint projects execution of Strategic Investments, M & A and related activities
Select Industry Segments are:- IT, ITES, Bio Tech, BPO, KPO, LPO, PPO, EPO, Food Processing, Manufacturing, Auto Components etc to start with [to be expanded as we zero in on]
The select countries would include - countries doing great economy wise from Asia, ANZ, Europe, North America - to start with [to be expanded as we zero in on]
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Date created:2007-07-07 10:36:50
Comments:0
This is a good investment opportunity
Indian Real Estate is booming and L & T is a very well known, relaible Construction and Project Management Company from India - with International Footprint
L&T to launch USD one billion infrastructure fundBangalore:
India's largest construction and engineering company Larsen and Toubro
Ltd plans to launch a USD one billion infrastructure fund in a month or
two, its Chairman and Managing Director A M Naik said on Thursday. "May
be it will be announced shortly.In a month or two", Naik told
reporters, adding that L&T would infuse the initial seed money of
USD 50 million. "Various institutions around the world would invest in
this fund. Whoever wants to put long-term money, they will invest", he
said. "This fund will work independently to promote various
infrastructure projects in the country". The fund is aimed at
accelerating the public-private partnership in India's infrastructure
development, Naik said. As
much as USD 500 million of the USD one billion fund is expected to be
raised in three-four months, he said. "We want to invest as much as we
can in the following six months. We also have to find interesting
projects where we should put money", he said. Meanwhile, Naik said
L&T's order pipeline is good. "Even the three months (April-June)
that has passed..I think we seemed to be on target. We started the year
with a backlog of Rs 35,000 crore and we seem to be currently on track".
He
said L&T plans to build a major shipyard in India and is looking
for land in Tamil Nadu, Andhra Pradesh and Gujarat. In the first phase
which is slated to completed within 30 months after possession of land,
the company envisages an investment of Rs 1,000 crore [about $ 250
millions]. (PTI)
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