+
IIFCL Allocates Bn in Loans to Enhance India Aviation Sector
AVIATION & AIRPORTS

IIFCL Allocates Bn in Loans to Enhance India Aviation Sector

In a significant move aimed at bolstering India's aviation sector and its infrastructure, the India Infrastructure Finance Company Limited (IIFCL) has approved loans worth ?8.8 billion, as announced by Director PR Jaishankar on Sunday.

Mr. Jaishankar revealed, "To date, IIFCL has given the green light to loans amounting to approximately ?78.8 billion, with disbursements exceeding ?4 billion, dedicated to the advancement of airport projects."

He emphasised the pressing need for substantial investments in the industry to realise the ambitious goal of advancing the civil aviation sector in India. Serving as a key financier for airports across the nation, IIFCL has extended its support to airport projects with an overall project outlay of about ?77.4 billion. Mr. Jaishankar underscored IIFCL's extensive presence in virtually all major airports throughout the country.

This move by IIFCL is expected to play a pivotal role in further enhancing India's aviation infrastructure and facilitating the growth of the aviation industry within the nation.

In a significant move aimed at bolstering India's aviation sector and its infrastructure, the India Infrastructure Finance Company Limited (IIFCL) has approved loans worth ?8.8 billion, as announced by Director PR Jaishankar on Sunday. Mr. Jaishankar revealed, To date, IIFCL has given the green light to loans amounting to approximately ?78.8 billion, with disbursements exceeding ?4 billion, dedicated to the advancement of airport projects. He emphasised the pressing need for substantial investments in the industry to realise the ambitious goal of advancing the civil aviation sector in India. Serving as a key financier for airports across the nation, IIFCL has extended its support to airport projects with an overall project outlay of about ?77.4 billion. Mr. Jaishankar underscored IIFCL's extensive presence in virtually all major airports throughout the country. This move by IIFCL is expected to play a pivotal role in further enhancing India's aviation infrastructure and facilitating the growth of the aviation industry within the nation.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

We must become equally good at making cities liveable

India’s cities are growing rapidly but the focus must now shift from building more to creating better places to live. Suresh Babu, Organising Secretary, National Convention of Architectural Engineers, discusses the need for integrated, inclusive and people-centric urban development, and the role of technology and architectural engineering in shaping future cities.What is the central idea behind the convention?India aspires to become a developed nation by 2047 and cities will be central to that transformation. But development cannot be measured only by taller buildings, wider roads or larger ..

Next Story
Infrastructure Urban

Insurance is not a cost; it is protection for the balance sheet

As infrastructure projects grow larger and more complex, their risk profiles are evolving beyond physical damage. Underinsurance, business interruption, supply-chain disruptions, climate volatility, surety and transactional exposures can all have significant financial consequences. Mohan Agrawal, Director and Business Lead - Construction, Infra & Warehousing, EDME Insurance Brokers, discusses these emerging risks and the gaps in conventional insurance practices in a conversation with KAVITA PARAB, CW. He explains why infrastructure players need to view insurance not merely as a cost, but a..

Next Story
Equipment

Optimising Earthmoving

Constituting India’s biggest fleet of construction equipment by type, earthmovers positively impact project outcomes and company bottomlines if best practices are adopted. Here’s a guide from CW.Select the right machineOne of the biggest challenges in using earthmovers isn’t machine failure but using the wrong machine configuration for the application, according to Chaitanya Bhagde, P&M Head, SHC Projects. “Unless equipment is deployed after considering the soil type, excavation depth, haul distance and production target, the application will face low productivity, longer time depl..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code