Apr
12
Modi’s Record Infrastructure Spending Seen Boosting Loan Volumes
By-
Government unveils $60 billion plan for roads, aviation, power
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Key factor is whether government can spend that much: Deutsche
Prime Minister Narendra Modi’s ambitious plans to spend a record $60 billion on India’s infrastructure this fiscal year may provide a much-needed boost to the rupee loan market after project-finance volumes slumped last year.
Bank loan commitments for project financing may potentially double to 2 trillion rupees ($31 billion) this financial year, according to Muhund Kannappan, a credit trading director at Deutsche Bank AG in Mumbai. Rupee-denominated project finance and capex loans fell 28 percent last year to 1 trillion rupees as infrastructure projects were slow to take off, according to Bloomberg-compiled data…
Modi’s Record Infrastructure Spending Seen Boosting Loan Volumes
