Air India is expecting to get sovereign guarantees for Rs 2,500 crore loans from the government next week. The State-run airline has tied up with 8-9 banks to raise the debt, to cover the shortfall in government funding to shore up its finances, sources in the airline firm said.
Tag: sovereign guarantees
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Consider development in addition to projects
Institutional investment in the recently introduced IDFs will require sovereign guarantees. Projected not merely as a factor of a single project but for several projects in a developmental cluster, such government guarantees can reduce the chances of the risk.