Infrastucture India hails economic outperformance

Infrastructure India, the closed-ended investment fund focused on the South Asian country's energy and transport sectors, saw its net asset value rise to 106p a share from 94p in the year to September 30."India's economy has continued to fare better than most, in spite of continuing financial unpredictability throughout the wider global market," said chairman Rupert Cottrell. "Progress with the company's two investment projects has continued steadily towards completion and the board believes that IIP is in a solid position with a strong investment case."Infrastructure India currently has two investment projects, a hydroelectric power plant and a toll road, both in Central India.