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Infrastructure Sector Gets Us $ 9 Billion Leg-Up

Source: Core Sector Gets Us $ 9 Billion Leg-Up

India’s critical infrastructure sector is being cranked up as never before. For the first time in the country’s history, nearly US $ 9 billion is being kept aside for lending by a consortium of blue chip Indian banks and industrial finance institutions.

The group will look into infrastructure projects – airports, seaports and tourism sector to begin with and ensure speedy conclusion of the financial agreements and implementation of projects. There would be two kinds of financing: direct equity participation and indirect lending to companies for expanding capacity.

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