Nonsovereign Project | 39915-014 Status: Approved



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Project Number 39915-014
Country India
Location India
Approval Number 7228
Type or Modality of Assistance
7228 Investment Fund-Equity Investment-LLC USD 45.00 million Committed
Strategic Agendas Environmentally sustainable growth
Drivers of Change
Sector / Subsector

Finance - Infrastructure finance and investment funds

Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Anshukant Taneja
Project Sponsor(s) Infrastructure Development Finance
Objectives and Scope The Fund aims to mobilize resources for private investment in infrastructure in India and thereby reduce critical infrastructure bottlenecks and address a major impediment to economic growth.
Linkage to Country/Regional Strategy The Fund contributes to the country strategy and program (CSP) for India by mobilizing resources for private investment in infrastructure, thereby reducing critical infrastructure bottlenecks and addressing a major impediment to economic growth. It also complements other ADB initiatives in India, such as the long-term loan facility, because equity investment enables infrastructure companies to buy fixed assets for expansion, which can be used as collateral for loan finance.
Status of Development Objectives The Fund (i) helps India meet the infrastructure development requirements that are essential for sustained economic growth; (ii) support the government's strategy of encouraging private sector participation in infrastructure development; (iii) mobilize long-term capital in the form of private equity from private sources for infrastructure development; and (iv) diversify sources of finance available to infrastructure companies.
Safeguard Categories
Environment FI
Involuntary Resettlement B
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The Fund's investee companies complies with ADB's environmental and social safeguard policies, including policies related to involuntary resettlement and indigenous peoples, as well as all environmental laws and regulations in force within the relevant jurisdiction. The Fund also complies with anti-money laundering and financing of terrorism policies.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 16 Jun 2005
Due Diligence 12 Jul 2005
Credit Committee Meeting 19 Dec 2005
Approval 01 Feb 2006
PDS Creation Date 28 Feb 2006
Last PDS Update 30 Sep 2014
Title Document Type Document Date
Proposed Equity Investment IDFC Private Equity Fund II Reports and Recommendations of the President Jan 2006

Safeguard Documents

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Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

Title Document Type Document Date
Proposed Equity Investment IDFC Private Equity Fund II Resettlement Planning Documents Jan 2006

Evaluation Documents

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Related Publications

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