Voyager fund to enhance its India exposure

Mumbai, Apr 20 (UNI) Voyager India Fund, a US based India centric fund, which deployed nearly Rs 1,200 crore (USD 250 Million) across various industries since September 2004, is planning to step up its investment further in the coming years.

''We are in discussions with a dozen of entities having high potential mainly in areas of retail and consumer'', said, Voyager Fund Managing Director and Investment Advisor Shiv Puri.

Mr Puri also indicated that the company might come out with a sector specific fund such as consumer fund if the industry continued to grow at the current level.

Besides, there are sectors like frastrcture, healthcare, engineering and auto component, retail and export oriented industries which could attract additional investment from foreign funds.

Voyager has two funds--public equity fund and private equity fund-- for investment and almost Rs 1,200 crore were invested for a period of one to five years in four sectors--consumer goods, infrastructure, components and export oriented units.

Focussing on long term investment in growth oriented companies, Mr Puri said, Voyager has a trust of leading US and European financial institutional investors that contribute over 90 per cent of its investor capital.

The India Fund is advised by Voyager Investment Advisors headed by Mr Puri.

UNI