India Report 2012
India Report 2012
The Indian government estimates that US$1tr of funds are needed to meet its infrastructure development targets in the coming 12th five year development plan (2012-2017). And every year, India’s finance minister announces a budget that aims to address this and address issues on funding options. Yet, the implementation seems slow and probably more difficult than expected.
Indian markets take stock
India, one of the fastest growing economies in the past few years, may need time to pause and reflect. And that time could be now. By Minerva Lau.
The challenges of India’s growth
After a remarkable rate of increase, even during a global financial meltdown, the Indian growth story is losing its sheen. The growth rate has plummeted to 6.9% and factory output in March declined to 3.5%. By Piyush Mishra*, partner at Luthra & Luthra Law Offices.
Big targets for new infra fund sector
With a US$1.7trn target by 2017 for its infrastructure sector, the Government of India is looking at other means of financing. A number of debt funds are being set up by private players to help fund long-term infrastructure projects. By Spriha Srivastava.
Alpha deal for Beta
India is a key market for the wind industry, presenting substantial opportunities for both international and domestic players. By Pallavi Narayan Bhujle, manager, and Atul Akash, manager, Axis Bank.
IRB ties in record BOT road deal
IRB Infrastructure Developers Ltd has achieved financial close with a debt tie-up of Rs33bn for its Rs48.8bn BOT project of six-laning the Ahmedabad Vadodara section of NH8 and the improvement to the existing Ahmedabad Vadodara Expressway. By Rohin Agarwal and Nikhil Maniar, senior associates, Bajaj Consultants Pvt Ltd.
VAL – A greenfield case study
Vedanta Aluminium Ltd is implementing an integrated aluminium project consisting of a 1mtpa aluminium refinery along with a 75MW co-generation power plant at Lanjigarh and a 1.6mtpa aluminium smelter along with a 1,215MW captive power plant at Jharsuguda in the state of Odisha. By Madhu Singh and Gopal Agarwal, SBI Capital Markets, Mumbai.
Solar in India – A PF perspective
India has already reached installed solar power capacity of more than 940MW with definite policy support from the central as well as state governments. By Mohankumar R, senior director, and Sishir Guha, vice president, IDFC Project Finance.
Emerging trends in road PPPs
The road sector in India has developed into the guiding star for the development of other infrastructure sectors in the country. By Vishwas Udgirkar, Kushal Kumar Singh and Ashutosh Bhandari of the Deloitte India Transport Team.
Power to a billion lives
By Arvind Mahajan (head of ENR, India), Santosh Kamath (partner), Rajesh Ivaturi (associate director) and Manoj Tanwar (manager) of KPMG Advisory Services.
Huge push for gas solutions
With rising demand from India’s power and fertiliser industries, natural gas is poised to hold an increasing share in India’s energy mix. By Ashley Wright, partner, and Alistair Dunstan, associate, at Norton Rose (Asia) LLP and Ajay Shaw, partner, at DSK Legal.
A tale of caution and opportunity
Australia’s resources, particularly coal, have long been coveted by Asia-Pacific electricity producers, which need this vital commodity to power their respective economies. India is the latest entrant into this power game but as companies such as Adani, GVK and Lanco Infratech are discovering, this game has different rules than they are used to and the price of entry can be high. By John Arbouw.
