New York-based Clearwater Capital Partners on Thursday said it has invested USD 50 million (nearly Rs 200 crore) in a power equipment park that would be developed by Diamond Power Infrastructure Ltd at Vadala.
Clearwater has so far invested USD 500 million in 39 companies across India, which it considers a safe investment destination due to its legal framework that is absent in China, company's Managing Partner Robert Petty said here.
He hoped to invest in more companies after operationalising of Indo-US nuclear deal.
He said Clearwater currently manages 1.7 billion USD in assets across four funds and boasts of 86 team members across eight locations, including New York, Beijing, Hanoi, Hongkong, Mumbai, Munich, Seoul and Singapore.
The company, he said, would generate revenue of over Rs 1500 crores on completion of these projects and shall employ 4,000 persons.
Source: The Hindu