Elara sets up Singapore sub to facilitate India investments

MUMBAI: Elara Capital (Singapore), plans to facilitate investments in Indian companies from Singapore and neighbouring regions which have a large investor base with surplus funds, a senior company official said.

"There is a very high-level of interest amongst Singapore investors in India. Elara will facilitate investments in Indian companies across sectors such as infrastructure, healthcare, services and consumer products," Elara Capital (Singapore)'s recently-appointed Board Member, Saurabh Srivastava, told media.

Elara Capital (Singapore) is a recently set up subsidiary of UK-based Elara Capital which is a full-service investment bank.

A key focus area for the company would be infrastructure in which Singapore has great expertise, Srivastava, a co-Founder, past Chairman and now Chairman Emeritus of NASSCOM, said.

"We are bullish on India and are already talking to investors in Singapore and a few companies here," he said, without, however, divulging details.

India presently is a very good destination for investment since "it will be one of the very few countries that will be growing at 5-6 per cent. Investors would, therefore, want to invest their funds here to grow them," Srivastava said.