Nomura Holdings Inc. (8604) plans to launch an infrastructure fund focused on India as early as next year. According to The Nikkei, Nomura aims to raise USD 500 million for the fund from Japanese and Indian investors. The fund will invest in companies operating power grids, highways, airports and other infrastructure. The Indian government's latest five-year plan calls for USD 1 trillion in infrastructure development, with about half of this amount to come from the private sector.
Mizuho Financial Group Inc. (8411) unit Mizuho Corporate Bank and Mitsui & Co. (8031) started one targeting Asian infrastructure in 2008.
India's infrastructure has been one of the target sectors for Japan's ODA provided by the Japan International Corporation Agency (JICA), while a fund like this would suit the investment criteria of the Japan Bank for International Cooperation (JBIC) if structured as a private equity fund.
October 24, 2012
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