India: HENDERSON INDIA INFRASTRUCTURE FUND LLC
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.
Gulshan, Karan Raj
Private Sector Operations Department
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|Project Name||HENDERSON INDIA INFRASTRUCTURE FUND LLC|
|Borrower/Company||THE INFRASTRUCTURE FUND OF INDIA, LLC
|Type or Modality of Assistance||
|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|
|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.|
|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.|
|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|
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