To provide finance for projects in Asia Pacific region, the Asian Development Bank (ADB) is to set up Asia Pacific Infrastructure Fund. The Manila-based ADB said it is now looking at a Asia Pacific Infrastructure Fund for infrastructure investment in Asia-pacific region.
Category: Infrastructure Finance
Post
Post
CDC Group investments
The UK government´s evelopment finance institution CDC Group will step up its investments in India despite a slowing economy, stalled reforms and a hyper-competitive private equity landscape, dotted with few exits and dismal returns. CDC has invested $260 million through five transactions in six weeks. Most of this has been through its traditional role as a ´fund-of-funds´ investment firm which invests in other private equity funds.
Post
New fiscal products needed
To ensure proper arrangements for repayments or refinance for infrastructure projects, there is a need to design new fiscal products, according to State Bank of India Chairperson Arundhati Bhattacharya. Presently, majority of infrastructure projects in the country are financed with 8-10 year term loans, while the assets have a life of at least 25 years. This led to front-loading of repayments, Bhattacharya said
Post
Tata Cleantech to fund renewable projects
With the costs increased for coal-based power, Tata Cleantech Capital may fund as much as Rs 2,500 crore ($401 million) on renewable and energy-efficiency projects in India. The combined cost of grid power and diesel generators that many companies use nowadays is higher than solar, the company reasoned for its move to fund renewable energy projects. The Tata Cleantech Capital has been set up jointly by Tata Capital and International Finance Corp.
Post
DBS Bank to up its India presence with 50 branches
In the next three years, Singapore-headquartered DBS Bank has plans to open 50 branches in India. DBS Bank wants to benefit from India's new policy for foreign lenders. The Asia-focused bank currently offers wealth management and deposit products in India.
Post
RBI gets $22.7 bn via special swap window
India's central bank, Reserve Bank of India has received $22.7 billion till date under its special concessional window to encourage banks to bring in dollars through non-resident Indian deposits and overseas borrowings. Through this window, the RBI wants banks to bring in safe money to fund the IndiaÂ’s current account deficit.
Post
India launches Bharatiya Mahila Bank for women
IndiaÂ’s first all-women bank, Bharatiya Mahila Bank was inaugurated by Prime Minister Manmohan Singh and UPA Chairperson, Sonia Gandhi Jointly in Mumbai on November 19, on the occasion of birth anniversary of former Prime Minister Indira Gandhi.
Post
ADB studies India’s east coast economic corridor
On the Indian East Coast economic corridor, the Asian Development Bank (ADB) is carrying out analytical work. The corridor presents a potential window for boosting economic relations between India and the Mekong countries as well as other South-East Asian countries.
Post
Govt clears Rs 916 cr worth FDI proposals
The Union Finance Ministry has said that the Foreign Investment Promotion Board (FIPB) has cleared 20 proposals worth Rs 915.83 crore. FIPB cleared the proposals on October 24, the Ministry said.
Post
Axis Bank to become foreign-owned firm with 62% FDI
With over Rs 6,200 crore, Axis Bank will become a foreign-owned lender, to be governed by FDI (foreign direct investment) policy. The development follows the go-ahead to its proposed increase in foreign investment holding to 62 per cent.