A Milan-based business advisory firm aims to create a 100 million euro (Rs.5.4 billion) equity fund to push mergers and acquisitions (M&As) and joint ventures (JVs) between Italy and India.
"I am talking to Italian banks and Luxembourg-based funds. I have also received positive feedback from Indian banks," Carlos Paris of Paris&Partners said of the equity fund to promote "arranged and love marriages that last" between Indian and Italian businesses in the areas of lifestyle products, food processing, cinema and infrastructure.
"Ninety per cent of Italian businesses are family-owned and form the core of our economy. There are similar traditions in India. So, I am now looking for good DNA with Indian groups," Paris, a former banker, told media.
Toward this end, the equity fund will function as a third party professional with the capability to lead investment to provide Italian-quality goods at Indian prices," Paris explained.
The timing could not be better, with 2007 being celebrated as the Year of Italy in India.
Read more in The Economic Times article.
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