EDC invests US$50m in Indian infrastructure fund

The fund - which will be managed by Mumbai-based Infrastructure Development and Finance Company subsidiary, IDFC Project Equity Company - will invest in infrastructure projects involving energy and utilities, transportation, telecommunications and social infrastructure in India.
Eric Siegel, president and chief executive of EDC, said: "IDFC has a solid track record of project finance and private equity experience in infrastructure in India, and is well positioned to become an important partner for Canadian exporters in this priority market.

Blurred image of IJGlobal article content
Blurred image of IJGlobal article related content