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Infrastructure Corporate Group
The policy makers have identified power, telecom, ports (both sea and airports), roads, transportation and urban infrastructure facilities as infrastructure sector and are providing impetus for the growth in these sectors. Reserve Bank of India has accorded infrastructure status to select sectors, credit to which would be classified as financing to Infrastructure sector.
IDBI’s Role in Infrastruture:
Since Inception in 1969, IDBI Bank has been assigned to play a distinctive role in the promotion of Industrial Development of the country.
It has provided financial assistance towards setting up of industrial estates by various states. Being a prominent player in financing infrastructure projects, IDBI Bank actively participates in addressing policy related issues in various forums including the Committees constituted by the Government of India. The finalization of model Power Purchase Agreement, and Model Concession Agreement in road sector are some of the significant contributions made by IDBI bank in the development of this sector. It has financed landmark first of its kind projects in the infrastructure sector such as in Independent power project, fixed and mobile telecom, port, road and airports in India.
Special focus for Infrastructure Financing:
IDBI bank has set up a separate business group i.e. Infrastructure Corporate Group (ICG), with a view to have a focused effort to support the growth in the infrastructore sectors and providing End-to-End Solutions to the clients in this sphere. |
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