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Asiana Fund and JC Capital launch INR 1000 crore fund for advanced manufacturing
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Business Standard
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Asiana Fund and JC Capital launch INR 1000 crore fund for advanced manufacturing

Asiana Fund, the investment platform of Dani Family Office, and Taiwanese venture firm JC Capital have announced the creation of a fund totaling INR 1000 crore. This fund is designed to support growth-stage companies in India operating in the fields of advanced manufacturing, semiconductors, materials, and defense industry.

A joint statement from the two firms specified that the Asiana-JCC Advanced Manufacturing & Innovation Fund includes a principal capital of INR 600 crore and a greenfield option of INR 400 crore. The fund intends to invest in intellectual property-based companies across advanced manufacturing and robotics, semiconductors and computing, materials and sustainable development, as well as aerospace and defense sectors.

The plan is to attract between 12 and 15 growth-stage companies, primarily at Series A and Series B stages, with provisions made for subsequent investments.

Asiana Fund, established in 2017 by Jalaj Dasani, is an investment platform focused on India and supported by the Dasani family, who are co-founders of Asian Paints. This platform has already directed over INR 700 crore into 11 private equity deals.

JC Capital, founded by Jim Chen in 2019, has invested over INR 1000 crore in 30 companies involved in semiconductors, artificial intelligence, and clean technologies.

Jalaj Dasani stated that India has reached a point where it can not only produce but also develop products, create its own intellectual property, and form companies capable of competing in global markets. He emphasized that the partnership with JC Capital aims to bring Taiwan's deep technological knowledge in semiconductors and electronics to Indian companies, helping them enter global markets and working with entrepreneurs to build strong technology enterprises from India.

In addition to providing capital, the fund will facilitate technology and know-how transfer, connect companies with global supply chains and strategic partners, and advise founders on strategy, management, production scaling, and international expansion.

The partnership will also leverage JC Capital's network of corporate investors and partners in the US, Japan, Taiwan, and Malaysia. Over 80 percent of these investors are corporate limited partners, which will provide portfolio companies access to technological partners, supply chains, and international markets.

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FAB plans to invest 100 billion dirhams in water projects across the UAE and the region
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www.khaleejtimes.com

FAB plans to invest 100 billion dirhams in water projects across the UAE and the region

First Abu Dhabi Bank (FAB) has set a target of 100 billion dirhams to finance water and blue economy related projects between 2026 and 2035. This initiative aligns with the UAE's efforts to attract private capital to ensure water security ahead of the UN Water Conference in Abu Dhabi.

FAB is the first bank in the Middle East and North Africa (MENA) to sign the UN Blue Economy Sustainable Finance Principles—a global framework aimed at supporting the sustainable use of water resources.

This 100 billion dirham target will be directed towards financing areas such as sustainable water infrastructure and blue economy projects, making FAB the first bank in the UAE and the wider region to set a specific water-related financing benchmark.

This move comes against the backdrop of the growing importance of water security in the UAE's economic and investment agenda leading up to the UN Water Conference in 2026, which the UAE will co-host with Senegal in Abu Dhabi in December.

Abdulla Balala, Assistant Minister of Foreign Affairs for Energy and Sustainable Development in the UAE, noted that FAB's commitment demonstrates the potential of financial institutions in addressing the challenge of funding water infrastructure. He emphasized that water is the foundation of economic growth, sustainability, and stability, yet it remains critically underfunded.

Balala called on financial institutions both in the UAE and abroad to follow FAB's example by making water a central element of investment and risk management solutions to help unlock capital for water-related projects.

This statement followed Balala's appeal before the UN Conference for governments, banks, institutional investors, and the private sector to assist in meeting the enormous funding needs of global water infrastructure.

FAB clarified that the 100 billion dirham blue finance target is not an additional, separate commitment. Instead, it is integrated into the bank's existing sustainable finance commitment of 500 billion dirhams by 2030 and will support the bank's long-term ambitions in this area beyond that date.

As of the first half of 2026, FAB has already provided financing of 395 billion dirhams under sustainable and transition finance, accounting for 79 percent of its 500 billion dirham goal.

Hana Al Rostamani, CEO of FAB, stated that water security is a paramount priority for sustainable development in the UAE, the region, and the global economy. She noted that this 100 billion dirham commitment puts this priority into action on a large scale while supporting the UAE's long-term goals for water security.

This target is aligned with the UAE Water Security Strategy until 2036 and is expected to channel capital into sustainable infrastructure, water reuse, advanced technologies, and innovation.

FAB has already been actively involved in water-related financing by issuing the region's first blue bond instrument from a financial institution, with total issuance reaching $70 million.

The UN Blue Economy Sustainable Finance Principles were launched in 2018 as the world's first global framework to guide banks, insurance companies, and investors in supporting a sustainable blue economy.

The UAE and Senegal will jointly host the UN Water Conference in 2026, which will be the third such conference since 1977 and the first UN conference dedicated to Sustainable Development Goal 6, which focuses on ensuring access to water and sanitation for all.

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