Many infrastructure companies are going through Corporate Insolvency Resolution Process (CIRP); some of them were also in the first target list of the Reserve Bank of India (RBI), wherein 12 companies were identified in June 2017 to proceed in under the code.
Category: Infrastructure Finance
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SMC to finalise City Square project
The Surat Municipal Corporation (SMC) will be finialising a city square project, where a business hub along with recreational facilities will be planned on 33,700 sq m of land at Kharwarnagar junction.
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JICA halts the funding of the bullet train
Over 1,000 farmers have written a letter to the Japan International Cooperation Agency (JICA) to stop funding for the construction of the bullet train project as the acquirement of land by overlooking the prescribed guidelines.
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AIIB approves USD 455 million loan project for Andhra Pradesh
The board of directors of the Asian Infrastructure Investment Bank (AIIB) has approved to sanction USD 455 million loan for the rural development of Andhra Pradesh.
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Rs.4.2 trillion Debt Resolution Game
By the end of 2018, Rs.3.8 trillion of bad loans are likely to be resolved. Of this, Rs.1.6 trillion will become sustainable, if the resolution proceeds as per the defined timelines.
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Islamic Development Bank seeks tie-ups for infrastructure investments
Islamic Development Bank Group, is interested in exploring joint opportunities with other multilateral development banks to invest in IndiaÂ’s infrastructure sector
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Morgan Stanley raises $300 million for IndiaÂ’s infrastructure
The fund is Morgan StanleyÂ’s maiden India-dedicated infrastructure fund.
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AIIB keen to scale up to financing of standalone projects
India, the second-largest shareholder in the $100-billion Asian Infrastructure Investment Bank (AIIB) has emerged as the largest market for the bank due to the size of its economy.
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India invites Australian Superfunds to invest in infrastructure
India has asked Australian Superfunds to invest in major infrastructure projects in the country.
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Capital cost for $4.5 trillion infra investment a challenge
Creating infrastructure will need a whopping $4.5 trillion investments over the next decade and the cost of the money will be a challenge, finance minister Piyush Goyal said.