India plans to transform IFCI Ltd from a lender to an advisory firm due to capital constraints.

India plans to revamp its state-owned infrastructure lender, IFCI Ltd, by shutting down its lending operations due to capital constraints and transforming it into an advisory firm. This move comes as India aims to triple its infrastructure spending to 11.11 trillion rupees by 2024/25. The government will invest 5 billion rupees this year to support the restructuring, focusing on advisory services and asset monetization.

November 26, 2024
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