Aug 5, 2008 13:03
<p><font size="2"><strong>By Our Correspondent<p>HYDERABAD<p>Aug. 4: Australian firm AMP Capital Investors will be investing Rs 200 crore in Gayatri Infra Ventures Ltd, a fully owned subsidiary of Hyderabad-based infrastructure company Gayatri Projects Limited GPL.<p>The first instalment of Rs 100 crore will give AMP a 29 per cent stake in GIVL. &quot;We will use it to fund existing projects as well as future bids and concessions undertaken by GIVL,&quot; said Mr T.V. Sanddep Reddy, director, Gayatri Projects.<p>GIVL is a player in the transportation infrastructure sector and is into construction, operation and maintenance of roads, highways, bridges and tunnels.<p>Apart from this, GIVL also wants to make downstream investments in other companies working on similar projects.<p>&quot;We have already invested Rs 125 crore in GIVL,&quot; said Mr Reddy. &quot;AMP would bring in an additional Rs 100 crore. Apart from this, we are planning to invest Rs 400 crore as equity.&quot;<p>He added that AMP would be putting in another Rs100 crore if and when the need arose.<p>AMP manages funds in excess of $104 billion Australian Dollars. It will be investing in GIVL from its $750 million Asian Giants Infrastructure Fund meant for projects in India and China.<p>***<p>Pranda eyes retail biz<p>By OUR CORRESPONDENT<p>Chennai<p>Aug 4: The Thailand-based Pranda Jewelry Plc, a branded jewellery manufacturing and a distributing company, is entering the Indian market,<p>The company is planning to set up 3,000 prime gold shops and distribute its branded products through 10,000 retail outlets.<p>The $125-million company has formed a 50:49 joint venture with the Mumbai-based Gunjan Jewels for its Indian foray. The company will be investing around Rs 100 crore in the next three years in the Indian market.<p>&quot;Pranda is always on the lookout to expand across the continents. India being the biggest jewellery consuming market in the world, and also left untapped for 24 karat gold jewellery was an obvious choice for the company to enter into,&quot; said Mr Prida Tiasuwan, chairman, Pranda group.<p>He said the Pranda would be the first company to distribute 24 karat gold jewellery India. The company has outlined an exclusive brand availability modules through its existing ‘trusted retail jewellery net work’.<p>Mr Vinod Tejwani, managing director Pranda Jewelry India said, &quot;We have intention to set up a production facility in India.&quot;<p>The company with seven manufacturing facilities in Thailand, China,Vietnam and Indonesia produces 8 million units a year.<p>Â
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