India has emerged as a major destination to attract investments in the infrastructure sectors. The State Bank of India (SBI) and Australia-based Macquarie Capital Group Ltd (Macquarie) would raise a $2 billion fund to invest in the country's core sector. In another development, UK based private equity firm 3i Group raised $ 1.2 billion for the India infrastructure fund against its target of $ 1 billion. A number of other finance companies like Citibank and Blackstone also planned to raise $ 5 billion to invest in the Indian Infrastructure sector.
The Times of India
http://timesofindia.indiatimes.com/Business/India_Business/
Core_sector_attracts_funds/articleshow/2957595.cms
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