PSU
An official says that the IL&FS Financial Services expect to collect $1 billion of its targeted $5 billion infrastructure debt fund by September. The IL&FS Infra Asset Management which manages the infrastructure debt fund has planned to collect around $1 billion and hopes to increase the overall amount of $5 billion under management in the [...] Continue Reading »
The government is looking to utilize surplus PSU funds for infrastructure projects to kick-start the investment cycle. National Manufacturing Competitiveness Council has put forth the suggestion and the government has held meetings with heads of various public sector undertakings and secretaries of administrative ministries, as informed to the Parliament. Heavy Industries & Public Enterprises Minister, Praful [...] Continue Reading »
