<p>"We are planning to set up USD 250-million infrastructure fund and are looking for foreign partners.. People are approaching us and we expect the deal to be finalised in a couple of months," L&T chief financial officer YM Deosthalee told reporters here today on the sidelines of a construction summit. He, however, refused to disclose the names of the foreign partners.<br /><br />"To begin with, it could be a two-three anchor investors and later on, we could have multiple investors," said Deosthalee.<br /><br />Welcoming the government proposal of setting up a Rs 50,000-crore infrastructure fund, he said this was being talked about earlier also but now there seems some action. "Hopefully something will happen this time around," he added.<br /><br />The Planning Commission has proposed to set up a mega fund with seed money of Rs 50,000 crore to facilitate investment of over Rs 45 lakh crore into the infrastructure sector during the 12th Plan (2012-17).</p>
<p>"We are planning to set up USD 250-million infrastructure fund and are looking for foreign partners.. People are approaching us and we expect the deal to be finalised in a couple of months," L&T chief financial officer YM Deosthalee told reporters here today on the sidelines of a construction summit. He, however, refused to disclose the names of the foreign partners.<br /><br />"To begin with, it could be a two-three anchor investors and later on, we could have multiple investors," said Deosthalee.<br /><br />Welcoming the government proposal of setting up a Rs 50,000-crore infrastructure fund, he said this was being talked about earlier also but now there seems some action. "Hopefully something will happen this time around," he added.<br /><br />The Planning Commission has proposed to set up a mega fund with seed money of Rs 50,000 crore to facilitate investment of over Rs 45 lakh crore into the infrastructure sector during the 12th Plan (2012-17).</p>