It-ĆĀ¦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.
Tag: IIFCL Projects Ltd
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IIFCL project advisory arm
India Infrastructure Finance Company (IIFCL) operationalised its wholly owned project advisory subsidiary.The new subsidiary IIFCL Projects Ltd will provide advisory services not only to project developers, but also to various state governments and organisations like the National Highways Authority of India (NHAI).This subsidiary will be involved from the initial stage of a project and up to the award of a project.