<DOCUMENT>
<TYPE>EX-99.J-2
<SEQUENCE>4
<FILENAME>g12747exhibit_j2.txt
<DESCRIPTION>CASH CUSTODY AGREEMENT
<TEXT>

                                                                  Exhibit (j)(2)

September 28, 2000











                                     BETWEEN

                        DEUTSCHE BANK (MAURITIUS) LIMITED

                                       AND

                              THE INDIA FUND, INC.





                             CASH CUSTODY AGREEMENT

<PAGE>

                                TABLE OF CONTENTS

                                                                            PAGE

1.   Definitions...............................................................1

2.   Appointment and Designated Accounts.......................................1

3.   Services..................................................................2

4.   Limitations on Liability and Indemnity....................................3

5.   Client's Instructions.....................................................4

6.   Reports and Statements....................................................4

7.   Fees and Expenses.........................................................4

8.   Credit Lines..............................................................5

9.   Termination...............................................................5

10.  No Waiver.................................................................5

11.  Assignment................................................................5

12.  Communications............................................................5

13.  Compliance with Mauritius Laws and Market Practice........................5

14.  Severability..............................................................6

15.  Governing Law and Jurisdiction............................................6

16.  Process Agent.............................................................6





                                       i

<PAGE>

THIS AGREEMENT dated September 28, 2000 is made BETWEEN:

1.      Deutsche Bank (Mauritius) Limited, whose registered office is 4th Floor,
        Barkly Wharf, Le Caudan Waterfront, Port Louis, Mauritius, a corporation
        existing under the laws of Mauritius, ("the Bank"), and

2.      THE INDIA FUND, INC. whose principal place of business is at 200 Liberty
        Street, New York, NY 10221, USA ("the Client"),

WHEREAS:       The Client  wishes to appoint the Bank as  custodian in Mauritius
               in respect of foreign  currency  held by the Client as  Custodian
               for its customers and the Bank agrees to such appointment.

WHEREBY IT IS HEREBY AGREED as follows:

1.      DEFINITIONS
        -----------

        "Authorised   Person(s)"   means  the   person(s)   authorised  to  give
        instructions  to the Bank in  connection  with the  Services as notified
        from time to time in such manner as the Bank requires.

        "Bank" means  Deutsche  Bank  (Mauritius)  Limited,  acting  through its
        office in Mauritius whose address is 4th Floor,  Barkly Wharf, Le Caudan
        Waterfront,  Port Louis,  Mauritius and its  successors and assigns and,
        unless the context permits, includes any person appointed by the Bank.

        "Person"  includes an  individual,  firm,  company,  corporation  and an
        unincorporated body of persons;

        "Process  Agent"  means the person,  if any,  whose name and address are
        specified in the Schedule;

        "Cash" means the cash which is deposited with the Bank by the Client.

        "Services"  means the  services  referred  to in clause 3 in relation to
        Cash.

        "Cash  Account" means any bank account for the deposit of cash including
        without limiting the generality of the foregoing  overdraft,  current or
        deposit  accounts  which  such  accounts  are  to  be  operated  on  the
        instructions of the Authorized Person(s), and

        "This Agreement"  means the within agreement  (including any schedule(s)
        or supplement(s) attached) as varied from time to time.

2.      APPOINTMENT AND DESIGNATED ACCOUNTS
        -----------------------------------

        (A)     The Bank  agrees to act as banker and  custodian  in relation to
                Cash  which the Client  may from time to time  deposit  with the
                Bank.

<PAGE>

                                                                               2

        (B)     The Bank's  appointment shall commence on September 28, 2000 and
                shall  continue  until  terminated by the Client or the Bank, in
                accordance with Clause 9 of this Agreement.

3.      SERVICES
        --------

3.1.    The Bank is hereby appointed and authorised by the Client to perform all
        or any of the  following  Services  on behalf of the Client but the bank
        reserves  the  right to  refuse  to do so if in its  opinion  there  are
        reasonable grounds for such refusal;

        (a)     to hold or to arrange for cash to be held;

        (b)     to provide  such other  services  as the Bank and the Client may
                from time to time agree.

3.2.    In providing the Services, the Bank shall:

        (a)     open and maintain Cash Accounts in the Client's name, designated
                as the Client shall  require in  accordance  with Clause 3.5 and
                credit  and  debit  such   accounts  in   accordance   with  the
                instructions from the Authorised Persons.

        (b)     maintain up to date records which identify such Cash Accounts in
                such a way as to  clearly  distinguish  them from cash  accounts
                held for other Persons.

        (c)     pay  interest  on credit  balances  on the Cash  Accounts at the
                Bank's prevailing rates for comparable accounts.

3.3.    The Bank is authorised,  at its discretion, to take such steps as it may
        consider  expedient to enable it to provide the Services and to exercise
        its powers under this Agreement, including the right:

        (a)     to comply with any law, regulation,  order, directive, notice or
                request  of any  government  agency  (whether  or not having the
                force of law) requiring the Bank to take or refrain from action;

        (b)     on behalf of the Client to withhold  and/or make  payment of any
                taxes or duties properly payable on or in respect of the cash.

3.4.    The Bank  will  maintain  insurance  cover in  respect  of  professional
        negligence,  employees  fidelity  and all risk  cover in respect of Cash
        held in the Cash Accounts.

3.5.    Upon the written request of the Client the Bank may maintain one or more
        Cash Accounts,  each such account being  designated in such manner so as
        to distinguish it as a separate account.  Upon such additional  accounts
        being  established,  the Bank shall provide services in relation thereto
        pursuant to the provision of this Agreement.

<PAGE>

                                                                               3

4.      LIMITATIONS ON LIABILITY AND INDEMNITY
        --------------------------------------

4.1.    The provision of the Services constitutes the Bank as a custodian of the
        Cash but does not  constitute the Bank a trustee and the Bank shall have
        no  trust or other  obligations  in  respect  of the Cash  except  those
        contained in this Agreement.

4.2.    Subject  to Clause  13.1,  the Bank shall not be liable for any taxes or
        duties payable on or in respect of the cash nor for the management of or
        the diminution of the balance of the cash.

4.3.    The Bank  shall act with all due care,  skill  and  diligence  and shall
        indemnify  the Client  against all or any losses,  claims,  liabilities,
        damages, reasonable costs and expenses of any kind which may be incurred
        by the  Client  and all  actions  and  proceedings  which may be brought
        against the Client as a result of the  provision  of the Services by the
        Bank to the  extent  that such  losses,  claims,  liabilities,  damages,
        expenses,  actions and proceedings  are due to the negligence,  fraud or
        wilful default of the Bank, or any other person appointed by it or their
        respective  officers or  employees  and this  indemnity  shall  continue
        notwithstanding  the termination of this Agreement in respect of losses,
        claims,  liabilities,  damages,  reasonable costs and expenses resulting
        from  facts or events  which  occurred  prior to such  termination.  The
        Client shall  promptly  inform the bank of any such  claims,  actions or
        proceedings  in  respect  of which any  indemnity  is sought  under this
        Agreement.

4.4.    The Client shall  indemnify  the bank  against all claims,  liabilities,
        damages, reasonable costs and expenses of any kind which may be incurred
        by it and all actions or proceedings which may be brought against it, in
        connection  with  the  provision  of  the  Services  unless  due  to the
        negligence, fraud or wilful default of the bank, any person appointed by
        it, or their  respective  officers or employees and this indemnity shall
        continue notwithstanding the termination of this Agreement in respect of
        claims,  liabilities,  damages,  reasonable costs and expenses resulting
        from facts or events which occurred prior to such termination.  The Bank
        shall  promptly  inform  the  Client  of any  such  claims,  actions  or
        proceedings  in  respect  of which any  indemnity  is sought  under this
        Agreement.

4.5.    In  relation  to the  Bank's  responsibilities  and  duties  under  this
        Agreement,  the Bank  shall not be held  liable for or in respect of any
        loss or damage or  failure  to  comply  or delay in  complying  with its
        obligations,  hereunder  which is caused  directly or  indirectly by any
        cause,  event or  circumstance  whatsoever  beyond the Banks  reasonable
        control  including  force  majeure,  Act of God,  war or other  military
        action, political unrest, government action, act of terrorism,  boycott,
        embargo or other form of sanction,  strike or other industrial  dispute,
        fire,  flood,  earthquake  or other  form of natural  disaster,  adverse
        weather conditions,  explosion,  default of carrier (unless such carrier
        is an officer or employee of the Bank).

<PAGE>

                                                                               4

5.      CLIENT'S INSTRUCTIONS
        ---------------------

5.1.    In a case where this Agreement  requires the  instructions of the Client
        to be given,  the Bank is authorised to act on the written  instructions
        of the Authorised Person(s) when given in accordance with Clause 12.

5.2.    The Bank may, as its discretion, accept instructions reasonably believed
        by it to have been issued by the Authorised Person(s) and in which case,
        if it acts in good faith on such  instructions,  such instructions shall
        be  binding on the Client and the bank shall not be liable for doing so,
        whether or not the instructions were given by the Authorised Person(s).

5.3.    The Bank reserves the right to refuse to act on the  instructions of the
        Client  which  is  reasonably  believed  not  to  have  been  issued  in
        accordance with the provisions of this Agreement or if in its reasonable
        opinion,   it  believes   compliance  with  the  instruction   would  be
        impracticable  or  would  give  rise  to  breach  of  applicable  law or
        regulation.  Any such  refusal to act will be  notified to the Client as
        soon as may be practicable.

6.      REPORTS AND STATEMENTS
        ----------------------

6.1.    The Bank shall  provide the Client and any other person  notified to the
        Bank by the Client with such reports and statements  concerning the Cash
        Accounts and at such intervals as agreed between them from time to time.
        The Bank will also  inform the Client and such other  persons as soon as
        it  becomes  aware  that any legal  action is  instituted  by any person
        concerning the Services.

6.2.    The duly  authorised  representatives  of the  Client  shall be  allowed
        access to the  Bank's  records  which  identify  the Cash  after  giving
        reasonable prior notice to the Bank.

6.3.    Subject to Clause 6.4,  the Bank shall  provide the Client and any other
        person  notified to the Bank by the Client with such  information as the
        Client and such other  persons may  reasonably  request  concerning  the
        operation facilities and methods which the Bank employs in providing the
        Services.

6.4.    The Bank shall not,  however,  be  required  to  provide  such  reports,
        statements,  access and/or  information if to do so would contravene any
        law, regulation,  order, directive,  notice or request of any government
        agency,  whether or not  having the force of law,  in the case of access
        and/or information if to do so would prejudice the security,  operations
        or business of the bank or its duties of confidentiality.

7.      FEES AND EXPENSES
        -----------------

7.1.    The Client shall pay fees to the Bank for the  provision of the Services
        as agreed between them from time to time.

7.2.    The  Client  shall  also pay to the Bank all other  reasonable  expenses
        incurred  by  the  Bank  or  any  other  person  appointed  by it in the
        provision of the Services, as agreed between them from time to time.

<PAGE>

                                                                               5

8.      CREDIT LINES
        ------------

8.1.    The Client hereby authorises any Authorised  Person(s) from time to time
        to arrange with the Bank in Mauritius for financial  accommodation  from
        the Bank to the Client by way of discount,  loan,  overdraft facility or
        otherwise  such  financial  accommodation  to be  upon  such  terms  and
        conditions as such  Authorised  Person(s)  shall  consider  appropriate.
        However,  nothing in this  sub-clause  shall  oblige the Bank to provide
        such financial accommodation.

9.      TERMINATION
        -----------

9.1.    This  Agreement  may be  terminated by the Bank or the Client giving not
        less than 90 days'  notice  to the  other  and by the one  party  giving
        notice of  immediate  termination  to the other any time after the other
        party has contravened any of the provisions of this Agreement.

9.2.    Any termination of this Agreement and any  withdrawals of Cash,  whether
        or not following  termination shall be without prejudice to the right of
        the Bank to  settle  any  transactions  entered  into or to  settle  any
        liability  incurred by the Client under this Agreement or by the Bank on
        behalf of the Client prior to termination  and/or,  as its discretion to
        cancel unexecuted instructions.

10.     NO WAIVER
        ---------

        No act or omission by the Bank pursuant to this  Agreement  shall affect
        its  rights,  powers  and  remedies  hereunder  or any  further or other
        exercise of such rights, powers or remedies.

11.     ASSIGNMENT
        ----------

        Neither the Bank nor the Client may assign or transfer any of its rights
        or obligations  hereunder without the prior written consent of the other
        provided this Agreement  shall inure for the benefit of the Bank and for
        the benefit of its successors in title or assignee  including any person
        to which  the whole or any part of the  operations  of the Bank may from
        time to time be transferred or vested by operation of law or otherwise.

12.     COMMUNICATIONS
        --------------

        Any notice,  demand or other communication under this Agreement shall be
        in writing  addressed  to the Client or the Bank (as the case may be) at
        the address set out in the  Schedule or such other  address as any party
        may notify to the other and may be delivered  personally,  by leaving it
        at such address, by post or by tested telex, or Swift instruction.

13.     COMPLIANCE WITH MAURITIUS LAWS AND MARKET PRACTICE
        --------------------------------------------------

13.1.   The Client acknowledges that before the Bank shall be allowed to provide
        the  Services  in  Mauritius  the Client  will need to obtain  necessary
        clearances and accreditation from the Mauritian regulatory authorities.

<PAGE>

                                                                               6

13.2.   The Client  acknowledges  that  pursuant to  Mauritius  law the Bank may
        become  directly  liable in respect of income tax  assessed  upon income
        derived from Cash situated in Mauritius notwithstanding that the Bank is
        not the  beneficial  owner  of such  Cash.  Therefore,  for the  sake of
        clarification and without limiting the generality of anything  contained
        in the Agreement the Client  hereby  indemnifies  the Bank in respect of
        such liability.

13.3.   The  Client  agrees to  advise  the Bank upon  request  of the  Client's
        nationality  and/or domicile and without limitation to the generality of
        anything contained in the Agreement the Client confirms that the Bank is
        authorised to disclose  such  information  to any  Mauritius  government
        agency.

14.     SEVERABILITY
        ------------

        Each of the  provisions of this Agreement is severable and distinct from
        the others and, if one or more of such  provisions is or become illegal,
        invalid or unenforceable, the remaining provisions shall not be affected
        in any way.

15.     GOVERNING LAW AND JURISDICTION
        ------------------------------

15.1.   This Agreement is governed by and shall be construed in accordance  with
        the laws of Mauritius.

15.2.   Any litigation arising hereunder shall be submitted to the non-exclusive
        jurisdiction of the Courts of Mauritius.

16.     PROCESS AGENT
        -------------

        If a Process  Agent is specified in the  Schedule,  service of any legal
        process on the Process Agent shall  constitute  service on the Client in
        the relevant Territory.

In witness  whereof this  Agreement has been executed by the parties on the date
started in the heading hereof.

This Agreement has been drawn up in two originals.

SIGNED for and on behalf of the Client

Signature: ________________________________

Name:          Bryan McKigney
     --------------------------------------


Office: ___________________________________

Identification: ___________________________

<PAGE>

                                                                               7

SIGNED for and on behalf of the Bank

Signature: ________________________________

Name: _____________________________________

Office: ___________________________________



Signature: ________________________________

Name: _____________________________________

Office: ___________________________________


<PAGE>



                           Schedule A - Process Agent

'The Bank'          Deutsche Bank (Mauritius) Limited
                    4th Floor, Barkley Wharf East
                    Le Caudan Waterfront
                    Port Louis, Mauritius
                    Tel: (230) 202 7878
                    Fax: (230) 202 7898







'The Client'        THE INDIA FUND, INC.
                    c/o CIBC World Markets Corp.
                    200 Liberty Street
                    New York, NY 10281
                    Attn: James J. Dwyer
                    Phone: (212) 667-6725
                    Fax: (212) 667-4282

</TEXT>
</DOCUMENT>
