ADGM-regulated fund to invest $2b in India
Fund aims to build required infrastructure to cater to India’s market
Published: 17:43 December 13, 2017 
Dubai
Next Orbit Ventures, a newly-launched fund established under the Abu Dhabi Global Markets jurisdiction, announced the launch of a $2 billion fund for building semiconductors an electronics ecosystem in India.
While $1.5 billion will be raised from this region as feeder fund by Next Orbit Ventures, the remaining $500 million has already been secured from a consortium of investors including both the Indian government and ultra-high net worth individuals.
The fund aims to build the required infrastructure to cater to India’s growing market for electronic goods and components.
More from Markets
Shares and dollar in modest recovery
Gold holds above $1,300
Oil below $70 as Saudis see supply increase
Rupee logs best single day gain this year
Indian bond gloom to last a year
A rotation in short-term UAE corporate bonds
Credit cards to perfect targeting programmes
Gold higher on soft dollar, trade tensions
