Netz Capital, a venture capital and advisory firm, is planning to invest $100 million in Indian infrastructure companies over the next two years. The Mumbai-based firm, which focuses on real estate and infrastructure, said, it has received commitments in excess $100 million from HNIs and funds.
“Netz Capital will invest in companies that build roads,bridges, sea ports, airports, SEZs, large townships and large mixed use projects.” said Atul Khekade, Founding Partner of Netz Capital, in a release. Netz Capital has a portfolio worth $50 million and is currently advising transactions worth $2 billion, as per the statement.
The firm has incubated companies like Airnetz, which provides charter services; Netz Realty, which develops budget infra projects in residential, hospitality and healthcare and Indosoft, involved in internet infrastructure and data centers.
Netz has also backed Manas Organic, which develops infrastructure for organic farming.
India may require $1.7 trillion in the decade starting 2010 to meet infrastructure demand and keep pace with economic growth and urbanisation, said a report by Goldman Sachs. Of this, power and roads alone may require upwards of $700 billion.
“Everyone knows that basic infrastructure in India needs to be built literally from scratch to support India’s growth story. The roads and highways ministry has put a target for 20 km a day. Apart from roads, sectors such as sea ports, airports, and other basic infrastructure also needs to be built.” said Khekade.