Emerging Markets (EMs) investor Actis which has $10 billion of assets under management (AUM) across EMs, is going to accelerate its investments in India. Renewable energy, realty and warehousing top the list of attractive sectors.
CNBC-TV18’s Nisha Poddar exclusively caught up with the Global Head - Torbjorn Caesar and started by asking about the strategy in clean energy space.
Speaking about his presence in emerging markets, Torbjorn Caesar said, “If you are looking at the markets that we are looking at which is all the emerging markets across Latin America, Africa and Asia and we have been in these markets now for 70 years. So you can see different cycles markets come in and markets go and so for us the most important to find the best trends to follow and India is one of the key growth engines and even if today there is a lot of talk about coming about 5 percent growth as a slowdown. It is still a very exciting region for us.”
Talking about India strategy Caesar said, “We are in 3 areas; we look at energy, real estate and private equity and we have put about a billion dollar to work here over the last couple of years and energy is an area which we are very excited about. The last announcement by your Prime Minister at the UN climate change talks about the target of 450 gigawatt of renewable energy; I mean 450 gigawatt."
"We are talking here about $20 billion a year investment and if you look at that opportunity and the shift that’s going to happen there and we are one of the largest investors in the renewable space and we can see India going to takeoff even further and we are going to take that opportunity there specifically in the energy space,” he added.
“India will be in those three areas; the office, the mid-income housing and warehouse we are going to focus on. We will probably start in the same level of investing with 100 million at a pace. Hopefully we will do some good investments and then enthusiasm will come with that and we have more money to invest in if an opportunity comes.”
Speaking about deployment of fund in energy space he said, “We have about a billion invested, about $500 over the last two years in the energy space and we hope to accelerate that and increase that going forward because our long life infra fund is something we just recently raised to see if we can get some 100 million invested here over the next 12 months in that space alone.”