Tuesday, May 20, 2008

Private Equity Funds in Oman, Abu Dhabi, Qatar and Dubai are scouting for Indian private companies in real estate, health care, retailing & education

Explaining the rationale behind this sudden rush, Sunil Shirole, Yen Management Consultant, said, "they believe the Indian economy is largely decoupled from US or global slowing. Hence, there is no fear of any recession here. In fact, the US recession will inadvertently push companies based there to outsource part of their jobs to emerging economies, where India is the first choice."

"And as the Indian markets are in correction phase, they can pursue some value-buying now," he added.
BusinessWeek

1 comment:

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