New Delhi, Nov. 27 -- Billionaire N R Narayan Murthy's family office Catamaran Ventures plans to make more growth stage equity bets in manufacturing, a top executive at the firm said on Wednesday.

"Our thesis is based on the view that over the next 5-10 years in India, from a wealth and job creation perspective, the country needs to develop its supply chain for precision manufacturing," Deepak Padaki, president at Catamaran Ventures told Mint.

Murthy, a co-founder of information technology services bellwether Infosys Ltd, is chairman emeritus of Catamaran.

Over the last year, several funds have been deepening their focus on manufacturing as a sector, with some launching new funds to narrow down on the industry's potential. Much of this...