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Babcock & Brown to fire up India
14 May 2008
Ports are set to benefit from the recent move by Babcock & Brown to add considerable firepower to its India efforts by luring six professionals from ABN AMRO, including the new head of India operations, Manikkan Sanganeswaran.
Specialists target Indian growth
Babcock & Brown’s focus in the country will be on investing in infrastructure projects, including ports, initially out of an earmarked fund of around $400m which has already been raised.
However, Babcock & Brown could also utilise the team on the ground to raise further India-dedicated money, say specialists, as India’s infrastructure deficit is huge and begging to be financed.
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