The concept has been suggested, but with a new fillip to rural infrastructure, can integration of various infra projects under an umbrella, which can be viability’s “go†signal, take off this year?
Category: Infrastructure Finance
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ADB plans to expand infra fund
Asian Development Bank (ADB) plans to widen the corpus of Association of Southeast Asian Nations (ASEAN) Infrastructure Fund by inviting participation from mammoth economies in the region namely India and China.
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IRFC bond issue
In order to fund the acquisition of rolling stock and financing capacity enhancement, Indian Railway Finance Corporation (IRFC) expects to raise Rs 6,300 crore from its ongoing tax-free bond issue.
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Rs 22 cr for Jharkhand
Jharkhand Chief Minister Arjun Munda announced a budget of Rs 22 crore for urban development over the next five years. Munda was speaking at the two-day national mayors’ seminar.
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Finance instruments for infra
Construction Federation of India (CFI) has recommended the government to introduce sector specific innovative financing instruments in the areas of roads, housing, power and ports since these sectors are facing dearth of adequate funds for the execution of their projects.
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General Atlantic invests in Fourcee Infra
Mumbai-based Fourcee Infrastructure Equipments announced that global private equity firm General Atlantic has invested in the logistics company,
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Govt plans Rs 50,000 cr IDF
The government is planning an over Rs 50,000 crore infrastructure debt fund (IDF) with participation from a foreign bank, a multilateral agency, and state-owned financial institutions.
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Karnataka records less utilisation of Nabard funds
Compared to its neighbours, Tamil Nadu and Andhra Pradesh, Karnataka lags behind in both sanctions and disbursal of funds under the Rural Infrastructure Development Fund (RIDF) of the National Bank for Agriculture and Rural Development (Nabard).
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GVFL to float Rs 1,000-cr fund
Aimed at strengthening the trade ties with China, Gujarat Venture Finance (GVFL) plans to launch a Rs 1,000-crore green energy fund to attract Chinese companies. According to GVFL, the fund is specific to Chinese companies interested in setting up plants for equipment
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DMIC to get $4.5 bn from Japan
The Delhi-Mumbai Industrial Corridor (DMIC) project will get assistance worth $4.5 billion from Japan.