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Published On: Wed, Sep 13th, 2017

Next month, Morgan Stanley to make close of $400-500 million

2008 Rank: 42
2008 Brand Value (Millions): $8,696
Parent Company: Morgan Stanley (MS)
Last year Morgan Stanley adopted the slogan “World Wise.” It doesn’t look so smart given its subsequent writedowns on mortgage-related debt.

As per records, Morgan Stanley is set to make a first close of $400-500 million for its maiden $1-billion India-dedicated infrastructure fund next month, as the Wall Street giant looks to create a more focused local approach to reap the benefits of an expected boom in the core infrastructure space in the country.
The fund has already received an anchor investment commitment of $150 million from the Beijing-headquartered Asia Infrastructure Investment Bank. Sovereign funds of the Middle East and Southeast Asia are also expected to make commitments, said people with knowledge of the matter, added news records.
The $1-billion fund is expected to close by March next year with a life of 10 years, the people said. It will be one of the top three India-dedicated infrastructure investment vehicles. IDFC Alternatives has raised $2 billion across two funds, while ICICI Venture joined hands with Tata Power in raising another $1 billion-plus fund. The Morgan Stanley fund aims to invest in roads, airports, ports and power plants, besides exploring opportunities in allied sectors like logistics and the infrastructure side of sectors such as healthcare, telecom and education.
Infrastructure is a core sector that will require substantial investments to bolster growth. Increasing income levels and urban migration will make India the second-largest infrastructure market after China.
The total investment needed in India to meet sustainable development goals is $1.3 trillion by 2030, as against China’s $257 billion.

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