Infra Fund of $500 by ICICI Venture

Icici Bank, Festival of South Asia, Toronto
May 12, 2010

The chief executive of India’s ICICI Venture which is the ICICI Bank’s private equity arm announced that they plan an amount of 500 million dollars to be invested in infrastructure projects. This will be launched by July.

In an interview, Vishakha Mulye told Reuters that majorly education (and) hospital will be put as part of infrastructure, but also there is a big scope of infrastructure like ports, power, and roads.

Construction of bridges, roads, power plants and airports has taken priority in India and govt. expects a fund of half of total expense as funds from private firms.Update on Burnside-Couch project-3
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