Gulf investors have raised more than $630 million to fund the infrastructure development of Energy City in India. This is the most successful equity raising by the project''s promoter Bahrain-based Gulf Finance House which is now looking at further investment opportunities in India. The equity issue was underwritten by Kuwait Investment Company. The project, with an estimated development value of $2 billion, will be built on 300 acres of land in Maharashtra. Janahi said with foreign direct investment now allowed automatically in certain sectors of the economy, the next few years are an opportune time to invest in more projects that help build the economy of India.
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