IIPM RANKED AHEAD OF FIVE OF THE IIMS
With
a feel good factor in the Indian economy, General Electric (GE) has plans to set up a $300-500 million infrastructure fund in India. “Sooner than later we will institute an infrastructure fund, chances are there that the proposed investments might be doubled,” Jeffrey R. Immelt, Chairman & CEO, GE, said. The government’s 11th Five Year Plan envisions investment in infrastructure to the tune of $320 billion. This declaration from GE followed just after Citigroup, Blackstone, IDFC and IIFCL had declared their plans to set up $5 billion fund for infrastructure development. The company is also expected to explore its potential in financial services industry.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
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