Private equity (PE) investments in India have grown to $4 billion in the first quarter ended March 31 of calendar year 2008 — two times the value registered during the corresponding period last year.Through this, India has maintained its position as the hottest investment destination in Asia (excluding Japan) and has even surpassed China, which has recorded just $570 million so far. In 2006, China received $13 billion in PE investments in 2006 compared with India’s $7 billion.
India outpaced China in the second quarter of calendar year 2007 when it had grossed $10 billion compared to China’s $8 billion.
The Indian real estate and infrastructure sectors are the key contributors with 28 per cent share in value of all PE investments at $1.12 billion, followed by the power sector with 13 per cent share of the pie with $520 million so far this year.
Banking & finance and telecom sectors tied for the third most favourable sectors for investments with 8.7 per cent of the deals at more than $340 million each.
Read more in The Business Standard article.
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