OIJIF to raise $350 million
The Oman India Joint Investment Fund (OIJIF) will be raising about $350 million for a new fund, according to a source. An equal joint venture between State Bank of India (SBI) and State General Reserve Fund (SGRF), OIJIF will start raising money from December. SGRF is Oman´s sovereign wealth fund.
Foreign investment inflow to double
Foreign investment in the Indian economy is expected to more than double, with inflows from both foreign direct investment and foreign institutional investors set to surge above $60 billion in the current financial year, compared with the $29 billion in 2013-14, an ASSOCHAM note has projected.
Economy to grow by 6.5 per cent
India's economy will grow by 6.5 per cent over the next four years if there is a decisive mandate in the general elections, CRISIL said. But if there is no clear mandate, the economy could derail further.More than election outcomes,
The new alternative
Despite sluggishness in the infrastructure sector, Alternate Investment Funds managed to attract the maximum amount of investments during the year,
Rs 3.3 lakh crore invested in 113 projects
Initial numbers flowing into the cabinet secretariat suggest that nearly 90 per cent of the investment in large projects, which were held up and have now been cleared, have materialised.
Finally the Cure?
Long term financing has been ailing the infrastructure sector making alternate non-banking financing options like Infrastructure Debt Funds (IDFs) more viable. Rahul Kamat and Garima Pant explore the IDF environment in India. The yawning infrastructure gap in the country is seeking closure to unleash its locked growth potential.
Managing infra assets
India's rapidly growing infrastructure asset base needs to be properly managed in order to ensure investor confidence. G Sathiamoorthy seeks to provide an overview of the new ISO 5500X suite of International Standards for Asset Management and its implications and applications for the effective management of India's burgeoning infrastructure asset base.
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