Rabobank has earmarked $120 million investment in Indian agro-based companies through its private equity fund and may launch another such fund in 2011 to cash in on the country?s vast rural economy, a top official told TickerNews Service on Tuesday. ?Our total fund size is $120 million. We have already invested $47 million in six Indian companies so far,? said Rajesh Srivastava, chairman of Rabo Equity Advisors Private Ltd. The private equity fund has invested in companies such as LT Foods Ltd, Sri Biotech Labs, GP Agri, Global Green and Vacmet. It is looking at more food processing and agri-based companies where it wants to invest the remaining $73 million.
?In the next six-nine months, we may need a new fund if we exhaust the entire amount of the existing fund,? Srivastava said.
