PRIVATE INFRA PROJECTS CAN GET MORE FUNDS FROM IIFCL ARM

To import capital equipment, private infrastructure projects can now raise more via foreign currency loans from IIFCL's London arm. This has been made possible with the government scrapping the 80:20 rules that capped the lendable resources of IIFCL's London arm to private projects in India. This rule had earlier required the London subsidiary to give 80 per cent of its lendable resources to Public Private Partnerships (PPPs) and the rest to private projects.