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2010 sees $8 bn PE investment in India: Assocham

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Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 2:53 AM IST

Private equity players invested nearly $8 billion (about Rs 35,000 crore) into the domestic market last year and most of the funds pumped into the energy sector, Assocham today said.

"Private equity investment in India has rebounded after a lull due to global financial meltdown with the energy sector being the biggest draw," the chamber said.

In 2010, private equity and venture capital firms invested $7.97 billion in 325 deals. In comparison, the investment stood at $4.07 billion in 290 deals during 2009.

The energy sector was the biggest draw with investments worth $2.14 billion, followed by Banking Financial Services and Insurance segment ($1.04 billion) and IT/ITeS ($696 million), it added.

According to the chamber, PE entities also utilise their network and experience to create new growth opportunities that in turn helps in strengthening professionalism and corporate governance of companies, where the investments are made.

PE players might be making more investments in Indian companies, especially against the backdrop of rising interest rates, it said.

Assocham noted that India can have more PE funds focused on infrastructure sector, which needs huge investment in the coming years.

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First Published: Feb 14 2011 | 9:26 PM IST

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