Feedback plans to invest Rs 10,000 cr in East

Kolkata: Feedback Ventures, an infrastructure company with interests in areas like energy, engineering, project management and capacity-building, is looking at an investment of about Rs 10,000 crore, in the eastern part of the country in the next five years.

Speaking after a seminar on entrepreneurship development in Kolkata on Friday, Vinayak Chatterjee, chairman, Feedback Ventures Pvt Ltd, said the investments would be mainly in the power, roads and special economic zones.

The company would be focusing on the North-Eastern states, Orissa and West Bengal for expanding in the east, he said. Recently, the company underwent a capital restructuring programme, under which L&T had picked up a 26 per cent share in the company.

With this, the shareholding pattern of Feedback Ventures is 46 percent with the promoters, 12 percent with HDFC, 16 percent with IDFC and 26 percent with L&T. In partnership with IDFC, it runs the India Infrastructure Initiative that is catalysing around Rs. 10,000 crore of public private partnership projects across the country.

Chatterjee said, currently, the company was in the process of installing 20,000MW of power capacity, handling 5,000km of roads project, most being National Highways. This apart, it was also developing 80,000 acres of special economic zones across the country.