The cabinet committee on economic affairs cleared the investment proposal of Enam India Infrastructure, a Mauritius-based venture capital fund, to invest Rs 3,700 crore in India’s infrastructure and energy projects through a dedicated core sector fund.
Enam plans to bring in foreign direct investment worth Rs 3,450 crore through the fund. Of this, about 80 per cent will go to infrastructure like roads, power, ports and airports. The rest 20 per cent will be invested in allied units connected with infrastructure sector. Enam India Infrastructure was registered with Sebi in September last year and backed by promoters of Enam Securities.
Contact: Enam, Tel: +91 22 6638 1825, Web: www.enam.com
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