IIFCL sees great potential in the logistics, railway and space sectors

The state infrastructure financier India Infrastructure Finance Company Limited (IIFCL) sees enormous growth opportunities in sectors such as aerospace, logistics, renewable energies, climate finance, data centers and railways.

Aside from the road and energy sectors, airports have been gaining momentum lately, IIFCL executive director PR Jaishankar told the newspaper. He was in Bengaluru on Wednesday to attend the stakeholder gathering and Jaishankar said, “One important sector we look forward to working with is the railway sector.” It is high time private investment was made as the potential is huge. Government funding has been around for so many years, but now there is a feeling that government funding needs to be complemented by private funding.”

Established in 2006, IIFCL provides financial support to sub-sectors of the infrastructure sector. The lender is evaluating space financing through its subsidiary IIFCL Projects Limited (IPL) and provided advisory services for the transfer of ten in-orbit communications satellites from the Department of Space to NewSpace India Limited (NSIL).

“We take on an advisory role for them (space department). They gave us mandates including advising on the establishment of an office in GIFT City. We are preparing for them a report based on global models available around the world showing how the infrastructure sector is being used by the private sector,” said Pawan K Kumar, Deputy General Manager of IIFCL.

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