Europe’s largest listed private equity firm 3i Group is seeking to raise up to $1.5 billion for its second India fund, Economic Times reports. The fund will concentrate on railroads, water supplies, waste water treatment plants and on infrastructure for education and healthcare in the country.
3i’s first fund focused on roads, power, ports and airports. As per a World Economic Forum report, India requires an investment of over $1 trillion in roads, ports and airports to boost the slowing growth in Asia’s third largest economy.
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