Anil Agarwal, Centricus to invest $10 billion in Indian companies

It's not clear whether the partnership will be through Vedanta Group firms

Vedanta Group Founder and Chairman Anil Agarwal, in partnership with London-based investment firm Centricus, plans to invest $10 billion in Indian companies being divested by the government.

In a joint statement on Thursday, they said they intended to invest in entities with substantial turnaround and growth opportunities.

“The launch comes at a promising time for the Indian economy and will support the government’s efforts to achieve its disinvestment targets,” said the statement, adding the strategy will allow companies to benefit from Agarwal’s experience and history of partnering with and creating value for operating businesses.

“India will be the fastest-growing large economy over the