India Infrastructure Finance Company Limited and 3i Group plc have agreed a strategic partnership on infrastructure financing which will bring together the strengths of both institutions i
India Infrastructure Finance Company Limited and 3i Group plc have agreed a strategic partnership on infrastructure financing which will bring together the strengths of both institutions in targeting the long term equity and debt financing needs of infrastructure projects in India.
IIFCL was incorporated in January 2006 as a wholly Government-owned company for the purpose of providing financial support to infrastructure projects and facilities in India.
The Indian government believes that the total requirement for infrastructure funding could be as much as USD 320bn over the next five years. Investments arising from this partnership will primarily be in power, ports, logistics, airports and road projects in both early stage and mature infrastructure operations.
The agreement was signed by S S Kohli, Chairman and Managing Director IIFCL, and Chris Rowlands, 3i’s Managing Partner in Asia, in the presence of P Chidambaram, the Finance Minister of the Government of India.
