Abu Dhabi – Mubasher: Next Orbit Ventures, Abu Dhabi-based newly-established fund, stated that it had launched a $2 billion fund to invest in semiconductor and electronics industries in India.
About $1.5 billion of the fund’s amount will be raised from regional sources, while the remainder will be secured from a consortium of investors, including the Indian government and individuals with high net worth, according to a company statement.
These investments aim at developing the required infrastructure to keep pace with the rapidly-growing electronic products and components market in India, Next Orbit Ventures added.
“The Indian government has been trying to boost investments in the semiconductor industry to curb the risk of trade imbalances and enhance cybersecurity,” Reuters reported.
