PEL partners with APG for $1billion infra JV
Piramal Enterprises Ltd (PEL) is tying up with the worlds second largest pension fund APG Asset Management (APG) to invest $1 billion in Indias roads, ports, airports, power plants, telecom towers, the education and healthcare sectors.
Reliance raises Jaypee funds
Reliance Power has initia¡ted discussions with the Singapore government-owned investment firm, Temasek Holdings, to raise up to $500 million and tie up funding for the three Jaypee Group hydroelectric power assets that it is acquiring
Today, 70 per cent of our GDP comes from urban areas while the investment for urban development is only 0.70 per cent. Now, according to the McKinsey Global Institute (MGI) report, Indias urban population is projected to increase from 34 crore in 2008 to 59 crore in 2030
Doing more with less
Smart cities will encourage sustainable development. They will also help to optimise resources, to meet the demands of growing urban populations. These cities would also encourage usage of shared services among different utility functions.
ILFS IML to raise $1 bn
IL&FS Investment Managers Ltd (ILFS IML), the private equity arm of IL&FS, will raise about $1 billion (Rs 6,000 crore) from primarily overseas investors to invest in roads,