Asian Development Bank (ADB) said it supports India's commitment to build more infrastructure and will increase its lending to $10-12 billion till 2018. ADB President Takehiko Nakao met Finance Minister Arun Jaitley and praised India's strong economic performance in the face of weak global growth.
Category: Infrastructure Finance
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Sovereign, pension funds may invest $50 bln in India
India is an attractive destination for global sovereign and pension funds as they are expected to invest up to $50 billion in infrastructure sector over the next five years, says a report by Ambit and The City of London Corporation.
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EPFO to invest in G-secs for infra
Retirement fund body Employees' Provident Fund Organisation (EPFO) will park more funds in public sector bonds to boost infrastructure development programmes and continue to invest in equities, Union Labour Minister Bandaru Dattatreya said.
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USAID, ADB to invest $848 mln in solar parks
The US Agency for International Development (USAID) and the Asian Development Bank (ADB) late March signed a memorandum of understanding (MoU) to provide $848 million of funding for the development of solar parks across India.
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Indore Development Authority set to pump in Rs.343.75 crore in urban infra
Indore Development Authority (IDA) board has declared plans to spend Rs.343.75 crore on the city's development by building affordable houses and improve urban infrastructure by roping in private players.
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Macquarie Infrastructure raises $3 billion for asia
Macquarie Infrastructure and Real Assets (MIRA) has raised $3.1 bln to invest in infrastructure companies in Asia
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IVRCL lenders to convert loans
Lenders of debt-ridden infrastructure firm IVRCL have decided to convert part of their loans to the highway developer into a 51 per cent or more equity holding. T
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Insolvency and bankruptcy code: Resolving the NPA crisis
The one thing, which is commonly heard in the corridors of the financial world, is the looming concern as regards the huge NPA that banks are currently saddled with. Long drawn processes pertaining to insolvency has taken a toll on the credit realization in the country.
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ABG Shipyard may get strategic investor end March
Debt-laden ABG Shipyard which has been scouting for a strategic investor for quite sometime now is likely to get one by the end of current fiscal. ĆĀ“We need an investor for our existing projects which has a working capital requirement of Rs.500-700 crore,ĆĀ“
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India and ADB sign $80 million loan agreement
The Asian Development Bank (ADB) and the Government of India signed an $80 million loan agreement to continue improving infrastructure in two North Eastern State Capital cities.