Hours after Railway Minister unveiled the new policy, Rajeev Chandrasekhar announced his intention to focus on the transport infrastructure in the country by floating a new firm, Hindustan Infrastructure, with an initial equity contribution of Rs 400 crore. | |
| In all probability, this foray will later become a joint venture with an overseas partner. Chandrasekhar had recently sold BPL's mobile service business to Essar in a deal valued at close to $1 billion. |
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| Chandrasekhar said, "I am pursuing this opportunity and the larger transportation infrastructure opportunity through this newly formed firm. After telecom, now transportation will be my principal focus area." |
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| In addition to this, Chandrasekhar will focus on the FM radio business, besides being a venture capital investor. It is expected that he will earmark close to Rs 200 crore for the media business. |
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