Business Daily from THE HINDU group of publications
Wednesday, Nov 15, 2006
ePaper
Business Daily from THE HINDU group of publications Wednesday, Nov 15, 2006 ePaper |
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Markets
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People Our Bureau
New Delhi , Nov. 14 The US-based investment magnet, Mr George Soros, would have a first hand feel of the Indian growth story around the middle of December. The Chief Executive of his investment fund — Soros Fund Management Agency - Mr Abbas Zuaiter had visited India last week and had held meetings with Ministers, bureaucrats and industrialists. The Minister of State for Industries, Mr Ashwini Kumar, said, "Mr Zuaiter had come and explained that his fund would be interested in agro and food processing, textile, power, pharma, IT and textiles." "They would also be looking into medium-sized entrepreneur-driven companies for taking up private equity. They would also be looking at banking," he said. The Soros Fund had investments in India through its Mauritius-based investment arm Quantum, which was FI investment. But the investment now sought is foreign direct investment into equities, the Minister said. The Soros name was first noticed by the ordinary investing community in India during the setting up of Haldia Petrochemicals in the mid-nineties while now it is within the regular reckoning of the financial and investing community. The Quantum Fund has already invested in real estate firms, financial firms and some more. During the visit the Soros Fund official also interacted with industrialists from various sectors, officials said.
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