India continues to be a growth story and is emerging stronger with good prospects of better performance in future. The country has a highly entrepreneurial private sector which has demonstrated that it can compete in global markets. The Indian subcontinent as a whole is gaining economic importance and appears to be a major driver of the World economy in the years that lie ahead. This rapid growth requires massive investments in infrastructure, much of which is to be funded through long term debt. This underscores the need to have dedicated institutions for meeting long term debt requirements. Acknowledging the need of building adequate infrastructure and associated resource requirement for the same, the Government of India established the India Infrastructure Finance Company Limited (IIFCL) on 5 January 2006, as its wholly owned enterprise. IIFCL provides debt of long term maturity in rupee terms to viable infrastructure projects in the public sector, public private partnerships and the private sector.
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