To market its projects both abroad and in India, the Union Road Transport and Highways Ministry is looking to hire industry bodies and the International Finance Corporation (IFC). The government´s move comes after private investors showed disinterest in the road projects this year. For its expressway projects worth over Rs 30,000 crore and 15 other highway projects in the pipeline, the Ministry is looking to engage the industry bodies and IFC.
Tag: International Finance Corporation
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IBEF may get upto $25 mn equity capital from IFC
India Business Excellence Fund IIA (IBEF IIA), which caters to the capital requirement of Small and Medium Enterprises (SMEs), may get upto $25 million funding from the International Finance Corporation (IFC). The proposed investment by IFC may boost further equity funding to capital constrained SMEs looking for growth capital
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Utkarsh may get funding from existing investors
Utkarsh Micro Finance may receive capital infusion from its existing investors in order to support its business expansion plan in the low-income states of Uttar Pradesh and Bihar. International Finance Corporation (IFC), Aavishkaar Fund II and Norwegian Microfinance Initiative are the existing investors in the microfinance
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Suryoday may get $11 mn capital infusion from IFC
Pune-based micro finance institution Suryoday Microfinance may get $11 million funding from the International Finance Corporation (IFC) in order to expand its operations. The private sector investment arm of the World Bank considers to infuse the capital in the microfinance firm through external commercial borrowing (ECB) route in the form of quasi-equity and senior
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Plan panel suggests PPP model for Vizhinjam project
Minister for Ports and Excise in Kerala K Babu informed that the planning commission suggested the state government to go ahead with the PPP model to develop the Vizhinjam international seaport port. The state government plans to carry out the port development, along with the external infrastructure wor
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Plan panel suggests PPP model for Vizhinjam project
Minister for Ports and Excise in Kerala K Babu informed that the planning commission suggested the state government to go ahead with the PPP model to develop the Vizhinjam international seaport port. The state government plans to carry out the port development, along with the external infrastructure wor
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Board clears master plan for Vizhinjam port project
The director board of Vizhinjam International Seaport approved the master plan for the proposed Vizhinjam port project. The project authority has reportedly sent a copy of the master plan to the International Finance Corporation, which is doing the Environment Impact Assessment (EIA) study for the project.
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IFC to submit report on Vizhinjam Port project
Agency reports indicate that the International Finance Corporation (IFC) would soon submit the environment impact assessment (EIA) report for the proposed Vizhinjam Port. Part of the World Bank Group, IFC is the largest global development institution focused exclusively on the private sector in developing countries
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IFC may participate in Religare’s banking foray
Financial services firm Religare, which plans to apply for a new banking licence, may receive equity contribution from the International Finance Corporation (IFC), an arm of the World Bank. Reports suggest that IFC is willing to invest in ReligareÂ’s proposed banking entity. IFC
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Our focus will be on financing infrastructure in economically weaker states in India
IFC’s emphasis will be on sectors like agriculture, power, water and ports in the years to come, as the World Bank’s arm will invest around $20 million in Pragati India Fund,