Approval of projects

IIFC (UK)’s business operations effectively commenced from September 2008. In the span of 3 years, the company has created a niche for itself in the financial market and infrastructure sector. Around 100 proposals for aggregate loan request of around USD 10 billion were received up to February 2013, of which 47 proposals with an aggregate of loan of USD 4517 million had been approved. Disbursement of loans commenced in December 2009 and as at the end February 2013, cumulative disbursement and balance outstanding under LoC aggregated over USD 974 million.