Investing in an infrastructure project isnÂ´t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in IndiaÂ´s own Silicon Valley, Bengaluru
When I came to India last year, I first focused on finding assets to finance. I started with some very small projects. These were portfolios of rooftops or small utility scale projects that gave us an understanding about the issues here. IÂ´d also been advising the Aditya Birla group prior to moving, with the previous firm I was working with in New York.
It-Â¦s a very relevant point since $1 trillion is required for infrastructure spending as estimated by the 12th Five Year Plan and you need long-term low-cost funds. Clearly, the major supplier of those, the public sector banks historically, are not going to be able to fill this requirement.