Quantum Equity launches $500 million infrastructure fund

MUMBAI: Investment firm Quantum Equity Advisors said on Monday it has launched a $500 million private equity fund focused on infrastructure in India.

Quantum India Fund will focus on investments in infrastructure projects and companies in India, it said in a statement. India will need $500 billion to $515 billion up to fiscal year 2011/12 to upgrade its infrastructure, a finance ministry report said.

It said 30 per cent of the total spending is expected to come from private firms. "This has created a tremendous opportunity for private equity in infrastructure over the coming years," the statement said.

Source : TET