MUFG seeks acquisitions in India to drive progress, concentrating on 20% returns

Mitsubishi UFJ Monetary Group is bullish on India, the place it’s actively on the lookout for acquisition targets that can assist enhance its presence on the earth’s most populous nation.

The purpose for Japan’s largest lender is to push up its buyouts and funding in India, and enhance annual returns from them to twenty% in 10 years, Yasushi Itagaki, head of MUFG’s world industrial banking enterprise, mentioned in an interview.

Given India’s ambition to turn out to be a producing powerhouse, its vitality demand is more likely to rise and there are already many renewable tasks, creating alternatives for MUFG as a finance supplier, Itagaki mentioned. „It has good financial fundamentals and political stability. The monetary sector grows in such markets.”