India: HENDERSON INDIA INFRASTRUCTURE FUND LLC

Nonsovereign (Private) Project | 36909-014

The Infrastructure Fund of India LLC (TIFOI) (the Fund) was launched on April 2004. It was established to help India increase growth through improved infrastructure in order to sustain poverty reduction. The Fund invests in urban, transportation, telecommunication infrastructure projects. It aims to reduce the emerging infrastructure bottlenecks that are significantly impeding sustained economic growth, and to improve the flow of private and public sector capital resources into the infrastructure sector.

Project Details

  • Project Officer
    Gulshan, Karan Raj
    Private Sector Operations Department
    Request for information
  • Country
    India
  • Sector
    • Finance
Project Name HENDERSON INDIA INFRASTRUCTURE FUND LLC
Project Number 36909-014
Borrower/Company THE INFRASTRUCTURE FUND OF INDIA, LLC
Country India
Location
Type or Modality of Assistance
7181 Equity Ordinary capital resources USD 15.00 million Closed
Strategic Agendas Inclusive economic 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 Gulshan, Karan Raj
Project Sponsor(s)
Description The Infrastructure Fund of India LLC (TIFOI) (the Fund) was launched on April 2004. It was established to help India increase growth through improved infrastructure in order to sustain poverty reduction. The Fund invests in urban, transportation, telecommunication infrastructure projects. It aims to reduce the emerging infrastructure bottlenecks that are significantly impeding sustained economic growth, and to improve the flow of private and public sector capital resources into the infrastructure sector.
Objectives and Scope The purpose of ADB's investment is: (i) to help finance private sector infrastructure projects in India, given the enormity of India's infrastructure financing needs; (ii) to help raise the efficiency and quality of key infrastructure projects and (iii) to help catalyze the mobilization of long-term capital from domestic and international institutional investors.
Status of Development Objectives The Fund helps (i) finance private sector infrastructure projects in India; (ii) raise the efficiency and quality of key infrastructure projects; and (iii) catalyze the mobilization of long-term capital from domestic and international institutional investors.
Status of Operation/Construction The Fund is in its divestment stage
Material Changes The Henderson India Infrastructure Fund LLC was renamed 'The Infrastructure Fund of India, LLC'
Linkage to Country/Regional Strategy The key element of ADB's strategy in India is poverty reduction primarily through the support for high growth. The emphasis on growth-mediated poverty reduction has meant focusing on infrastructure investments, along with policy and institutional reforms in these sectors, to raise productivity, enable efficient growth, and promote private sector development.
Safeguard Categories
Environment C
Involuntary Resettlement
Indigenous Peoples
Summary of Environmental and Social Aspects
Environmental Aspects The Fund investee companies complies with the applicable environmental and social policy regulations of the Government or authorities in India with recognized jurisdiction over such companies, as well as the applicable environmental and social guidelines of ADB.
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 03 Jun 2002
Credit Committee Meeting -
Approval 16 Dec 2002
PDS Creation Date 21 Aug 2006
Last PDS Update 28 May 2018

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
The Infrastructure Fund of India Extended Annual Review Reports Sep 2013

Safeguard Documents See also: Safeguards
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.

None currently available.


Evaluation Documents See also: Independent Evaluation

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Related Publications

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The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

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