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India’s Jina Ventures Raising $200 Million

MUMBAI (Reuters) – New York-based private equity firm Jina Ventures plans to raise up to $200 million by end-2008 to invest mainly in manufacturig firms in India, its managing partner told Reuters on Tuesday.

“We are talking to investors from Switzerland, the U.S. and Japan and should be able to wrap up the fund by end-2008,” Ron Shah said on the sidelines of a capital markets conference.

Jina Ventures had raised $50 million in 2005, which it invested in 12 Indian firms and had exited these investments, Shah said. (Reporting by Saikat Chatterjee; Editing by Ranjit Gangadharan)