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Actis could step up investments in India’s green energy space

Mumbai: Growth market-focused alternative investment firm Actis said India is one of its core investment markets where it has committed nearly a billion in the past 12 months, betting big on a fresh wave on renewable energy and continued advancement in fin tech and consumer businesses compared to other emerging market peers. The UK-based firm, which invests out of its global pool of capital, has invested $450 million in the alternative energy space itself in the past year, and has indicated it will commit more capital to the world’s second most populous nation, where power consumption is expected to outpace growth in GDP. Also, with the government trying to make India the world leader in renewable energy, it makes the country one of the best investment themes among the emerging market economies.

Over the past 12 months, we have committed $950 million in India and that tells you that India is pretty attractive on a global basis. If you look at the Indian market, and if you look at the shift in the power side — the implosion of power sector from thermal coke and the unavailability of requisite gas to run the power plants — and you combined that with the government’s ambition to be a leader in the renewable space, it’s a fantastic investment opportunity in a space where we are a leader,” said

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