Road show to woo Bahrain investors in realty, infrastructure

Dubai, Mar 2 (UNI) In a move to woo Bahrain investors in real estate and infrastructure sectors, India's first Shariah-compliant fund 'Indian Infrastructure Development Fund' worth 300 million dollars will conduct a road show in Manama on Sunday.

The event will be organised by the 2i Capital Group in conjunction with Oman-based Amwal Investment SAOC.

Founder of 2i Capital Group Vivek Sekhar will present the lucrative investment opportunity with the Group's Head of Real Estate Investments Vikram Lall.

''Indian economy has been on a growth trajectory of six to eight per cent GDP growth in the last three years, led by exports as well as domestic consumption, and supported by a favourable demography,'' said Mr Sekhar.

Mr Sekhar said despite impressive growth in services such as IT, manufacturing and retail; infrastructure continues to lag far behind, and is an area focus for the country.

The fund's investments will be made in accordance to Islamic Shariah principles, making it the first Shariah-compliant fund for investing in India.

Investors not wanting to invest according to Shariah principles will be given an option to invest through a parallel investment vehicle that will invest in projects and companies with the fund on a pro rata basis.

The fund aims to post net investor returns of 30 per cent a year during a seven years investment life, with first returns expected within two years.

However, given the long track record of the team, excellent investment projects at hand, and growth conditions in India, performance in excess of this target is expected.

UNI