Dubai
Next Orbit Ventures, a newly-launched fund established under the Abu Dhabi Global Markets jurisdiction, announced the launch of a $2 billion fund for building semiconductors an electronics ecosystem in India.
While $1.5 billion will be raised from this region as feeder fund by Next Orbit Ventures, the remaining $500 million has already been secured from a consortium of investors including both the Indian government and ultra-high net worth individuals.
The fund aims to build the required infrastructure to cater to India’s growing market for electronic goods and components.