Business Daily from THE HINDU group of publications
Thursday, July 3, 2008 ePaper | Mobile/PDA Version
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Business Daily from THE HINDU group of publications Thursday, July 3, 2008 ePaper | Mobile/PDA Version |
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Update at 1645 hrs (IST)
Corporate Clearwater invests $50 million in a power equipment park VADODARA: New York-based Clearwater Capital Partners said on Thursday that it has invested $50 million (nearly Rs 200 crore) in a power equipment park that would be developed by Diamond Power Infrastructure Ltd at Vadala. Clearwater has so far invested $500 million in 39 companies across India, which it considers a safe investment destination due to its legal framework that is absent in China, said the company's Managing Partner Mr Robert Petty here. He hoped to invest in more companies after operationalising of Indo-US nuclear deal. He said Clearwater currently manages $1.7 billion in assets across four funds and boasts of 86 team members across eight locations, including New York, Beijing, Hanoi, H ong Kong, Mumbai, Munich, Seoul and Singapore. The company, he said, would generate revenue of over Rs 1500 crores on completion of these projects and shall employ 4,000 persons. - PTI
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