A quality transition to the planned expansion will require a huge capital investment in electricity, railways, roads, ports, airports, irrigation, water supply and sanitation systems.
Tag: infrastructure finance companies
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¨Raising large-scale infra funds is a difficult task¨
While the government and the RBI have eased norms and pushed for financing opportunities, actual benefits will take time to trickle down, says Vishwas Udgirkar, Senior Director, Deloitte India.
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RBI raises ECB limit for infra non-banking finance firms
The external commercial borrowing (ECB) limit for non-banking finance companies(NBFCs) has been been raised by the the Reserve Bank of India and classified as infrastructure finance companies (IFCs).
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India Inc’s overseas borrowing rises in January
Data from Reserve Bank of India (RBI) shows that overseas borrowing of Indian companies rose to $3.51 billion in January from $1.15 billion in the previous month. The companies raised the amount through external commercial borrowings (ECB) and foreign currency convertible bonds (FCCB). In order to fund its projects, Power Grid Corporation of In India Inc raised over $ 3.51 billion from overseas markets in January through external commercial borrowings and foreign currency convertible bonds.
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RBI allows infra finance firms to borrow more via EBCs
Infrastructure finance companies can raise funds upto 75 per cent of their net worth through external commercial borrowing (ECB) without seeking clearance from the Reserve Bank of India (RBI). This is because the central bank liberalised the norm in or