Morgan Stanley a U.S firm appointed ALURI SRINIVASA RAO, AN INDIAN from Andhra pradesh as managing director for its upcoming venture i.e private equity investment unit in INDIA on may 1st 2008. Morgan Stanley is running an investment bank and asset management firm in foreign countries.

ALURI SRINIVASARAO aged 43, has valuable experience of 18 years in the corporate sector that too particularly in equity investments. Aluri Srinivsa Rao leads the life sciences practice at ICICI Venture and from that only he focussed on many activities like identifying innovative investment opportunities, managing buy outs with Ranbaxy, Dr.Reddy’s laboratories, Avesthagen, Arc Pharma, Malladi drugs, Bharat biotech international, Metropolis etc,. Rao is also the chairman of RFCL Ltd, the specialty chemicals company acquired by ICICI Venture in a management buyout last year.

He completed one-year program in General Management from London Business School after the completion of his course in Bits Pilani.

As in India there exists a congenial environment due to its fast growing economy many Global financial firms and domestic banks are expanding into private equity. More over Government-run State Bank of India was in talks with foreign partners to launch private equity funds by making use of this exact situation. Morgan Stanley is trying to invest a $1.5 billion fund in India through its Asia-dedicated private equity fund.

After seeing this situation one can feel the potential for exponential growth in our indian economy. Because of these facts only, many foreign firms are trying to extend their roots particularly in India. So let us hope that Aluri serves the best to Morgan Stanley and the booming Indian economy.

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