India to get big slice of KKR USD 6.4 bn infrastructure fund |
Global private equity giant KKR is willing to commit to building infrastructure in India from a huge fund of USD 6.4 billion raised for supporting infrastructure in Asia-Pacific. The last infrastructure fund raised by KKR was USD 3.9 billion fund. KKR is eyeing India as a key investment destination with more than a third of the new raise of USD 6.4 billion to be deployed in the country. India`s rapidly evolving infrastructure landscape, supported by robust government initiatives and increasing urbanisation is key to KKR decision. The KKR investment in India signals a strong endorsement of its infrastructure growth potential. KKR will consider investment in sectors such as roads, renewables, power, and telecom assets. In previous years, KKR has invested in assets like Highways Infrastructure Trust, Virescent Renewable Energy Trust, and the warehousing venture with LEAP India. KKR backers include sovereign wealth funds, pension funds, insurers, and high-net-worth individuals. Institutions like Blackstone and Brookfield are also actively increasing their allocation to infrastructure in India. With increasing emphasis on digital connectivity, renewable energy, and logistics, India has become an attractive destination for long-term investors seeking stable returns.
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