India emerges as the most favoured PE destination, as per AVCJ

With investments worth $1.23 bn in the first moth of the year itself, India has emerged as the most favoured private equity destination, according to a report by Asian Venture Capital Journal (AVCJ). India ranks top in terms of PE investments in January-February following Asian giants like China at $609 mn and Japan at $980 mn.

The report was on Asia-Pacific emerging as the most attractive region for private equity investment and says that the total Asian private equity capital under management rose by almost 30% in 2006 to $158 bn as compared to $122 bn in 2005.

India is also among the top 10 PE destinations last year, with the country witnessing a whopping growth of 252% with investment as high as $7 bn for 2006 as against just $1.9 bn in 2005.

The top 10 PE destinations in the Asia-Pacific includes Australia with $24.9 bn worth investments, China $7.7 bn and Japan at $10.35 bn. Fund raising for Australia rose 88.9% during the year followed by China at 72.1%. India posted decent increase of 37.6%.

Read The Times of India article.