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India

Department: Lending and Investment
Project Name: BTS India Private Equity Fund (India)
Project Description: Invest in Indian based, small-and medium-sized enterprises. The target industries include biotech, manaufaturing/engineering, IT, telecommunication and entertainment. Investments would be companies under expansion or at late phase, rather than start-ups. 

Implementation Start Date: 2006/6/23
Implementation End Date: 2016/6/22
Source of Funding: Anchor investors include: Asian Develpment Bank, SIFEM, Belgian Investment Company for Developing Countries(BIO), Commonwealth Development Corporation (CDC) and the TaiwanICDF.
Project Objectives:
  1. Assist the development of Indian SMEs and promote the private sector in India.
  2. Strengthen cooperation relationships between the TaiwanICDF and other bi- or multi-lateral investment organizations.
Executing Agency: BTS Investment advisor Ltd.
Implementation Arrangement: BTS Investment advisor Ltd. is responsibile for undertaking the BTS India Fund, include of assessment, investment, management, monitoring and exit. In addition, the Investment Committee is formulated for approval the investment deals, and arranged annual advisory board and investors' meeting for the current investment portfolio reviewing.
Current Progress: As of the end of 2012, the investment portfolio comprises 8 companies as below:
1.Reliable Autotech Private Limited (RAPL)-auto parts-amount US$4.93M.
2.Microqual Techno Private Limited (MQL))-Information and Communication Service-amount US$3.58M.
3.QAI India Limited (QAI)-Consulting and Training Service-amount US$5.79M.
4.Mantri Metallics Private Limited (MMPL)-auto parts-amount US$4.97M.
5.Parabolic Drugs Limited (PDL)-drugs- amount US$6.19M.
6.Sai Sudhir Infrastructure Limited (SSIL)-engineering construction-amount US$7.56M.
7.Caravel Logistics Private Limited (Caravel)-logistics-amount US$5.18M.
8.Carzonrent India Private Limited (Carzonrent)- transportation - amount US$7.94M.
Project Performance: 1.The fund invested 8 companies, which involved auto parts,Information and Communication Service, Consulting and Training Service, drugs, engineering construction, logistics and transportation. Total amount of investment are US$ 46.14M.
2. According to the 2012 Q2 report, the valuation of the fund total are US$68.18M.
3.Total Jobs created 2,789.
4.Total Taxes paid US$36M.
5.Every 1 mill investment created 58 new jobs.
6.Joining the investment fund with bi- or multi-lateral investment organizations, which include of Asian Develpment Bank;SIFEM;Belgian Investment Company for Developing Countries(BIO) and Commonwealth Development Corporation (CDC).
Project Manager: Wen-Kai Ou
Phone: 886-2-2873-2323 ext. 502
E-mail: w.k.ou@icdf.org.tw
Signing Date: 2006/6/23
Status: Under implementation
Projected Benefits: The development of SMEs promoted, jobs created and more tax contribution in India; expected rate of finacial reture earned
Sector: Production Sectors
Sector Item: Industry, Mining and Construction
Cooperating Country: India
Cooperating Organization: Asian Development Bank (ADB)
Project status: Projects under implementation
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  • Date:2011/1/4
  • Date Updated:2014/7/31