India still attractive for Babcock & Brown

The firm may eventually increase the size of the fund to as much as $1 billion, said Manikkan Sangameshwaran, managing director of Babcock and Brown India Pvt. Ltd. New Delhi: Despite a global credit crunch, Australian private equity firm Babcock and Brown Infrastructure is optimistic about opportunities in India and has bid for 14 highway projects through ventures with Hyderabad-based Nagarjuna Construction Co. Ltd. Apart from highways, B&B is also looking to invest in power, ports and airports The firm, which invests in public works globally, has already closed a $400 million (Rs1,948 crore) emerging markets fund aimed at China and India and is actively scouting investment opportunities in companies formed to carry out specific projects. The firm may eventually increase the size of the fund to as much as $1 billion, said... [read full story]