India Ventures Group (IVG) plans to float a US$1-billion debt fund to support core infrastructure projects in India, as per reports. IVG is based in New York and is an investment bank-cum-angel investor.
Reports say, the Group will shortly float US$ 1-billion debt fund which will initially be used for core-sectors including ports, roads, bridges and tunnels, that are being implemented through the public-private partnership (PPP). IVG will also partner with a private infrastructure finance company.
IVG will also invest in three tech start-ups catering to healthcare, education and parenting advisory services, in the next couple of months.
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