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Article: NEWS ANALYSIS: 2 - INDIA- A NEW DESTINATION FOR PRIVATE EQUITY FIRMS.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- July 23, 2007
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NEWS ANALYSIS: 2 - INDIA- A NEW DESTINATION FOR PRIVATE EQUITY FIRMS
By: MANOJ KUMAR
July 23 (PTI Economic Service): India is fast emerging as a new destination for the private equity firms. Giants like Blackstone, Goldman Sachs, Citi Group, the Carlyle Group and Kohlberg Kravitz Robert & Co., have all announced that India will be a key hub in their Asia plans. More than 100 private equity firms are already in India and the size of the India private equity market in 2007 is expected to hit $10 billion.
Private equity is a fund raised from different sources like high networth individuals, public or others at cheap interest rate to make medium ...