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A Milan-based business advisory firm aims
to create a 100 million euro (Rs.5.4 billion) equity
fund to push mergers and acquisitions and joint ventures
between Italy and India, reports IANS.
'I am talking to Italian banks and Luxembourg-based
funds. I have also received positive feedback from Indian
banks,' Carlos Paris of Paris and amp;Partners said
of the equity fund to promote 'arranged and love marriages
that last' between Indian and Italian businesses in
the areas of lifestyle products, food processing, cinema
and infrastructure.
'Ninety percent of Italian businesses
are family-owned and form the core of our economy. There
are similar traditions in India. So, I am now looking
for good DNA with Indian groups,' says Paris, a former
banker.
Three Italian wine majors, Calatrasi,
Ferrari and Pallini were also keen on investing.
'India's wine industry has tremendous
potential to witness a major boom in the coming years,'
Paris said.
In this context, he said that Italian
vintners could even develop 'wine courtyards' in India.
'The soil is similar, the weather is similar.
It's entirely possible that Italian wine that is comparable
in terms of quality and price could soon be produced
in India,' Paris said.
His optimism is not misplaced. 'The Italian
Wine Guide' published last November° lists a staggering
312 wines - ranging from Rs.610 to Rs.30,000 a bottle
that are available in Delhi and Mumbai alone.
Full story at www.indiaenews.com
° Italian Wine Guide 2006 was compiled by the
Indian Wine Academy under assignment from the
Italian Trade Commission (ICE) last ovember during the
Fest Italiana, when 30,000 copies were published. It
can be ordererd from their offices in Delhi and Mumbai,
subject to availability- editor
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