L Capital Asia, a private equity fund sponsored by French luxury giant LVMH, is gearing up to invest in India after a long gap.
Although L Capital has investments in multiplex chain PVR, brand management company Genesis Luxury and apparel chain Fabindia, it has not made any investment in the country for many months, owing to reasons such as political uncertainty and the general economic slowdown.
"The change in government and sentiments has made it look at India seriously," said Bijou Kurien, member (strategic advisory board) at L Capital. Kurien, Reliance Retail's former CEO (lifestyle), joined L Capital in June. "Opportunities in China has been good for the past two years," he added.
