Dubai International Capital to invest $5 Bn in India, China, Japan
Bangalore: Dubai International Capital (DIC), the private equity arm controlled by Dubai Holding, plans to invest about $5 billion in India, China and Japan over the next three years, reported VC Circle. Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum who owns Dubai International Capital has plans to boost its assets under management from $13 billion to $25 billion or $30 billion in the next three to four years. The fund's COO, Anand Krishnan opines that India and the two countries offer high growth prospects. He also said that the fund could raise its stake in existing holdings like Sony, besides in other major holdings, such as HSBC Holdings and European aerospace company EADS.