Rs. 15000 Cr of investment to boost infrastructure & construction sector of India

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New Delhi: The Cabinet Committee of Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved the FDI proposal for an investment of up to  ₹15,000 crores in M/s Anchorage Infrastructure Investment Holding Ltd, an Indian investment holding incorporated specifically for investment in infrastructure and the construction-development sectors which may include transport and logistics, etc. along with downstream investment in the airport sector and aviation-related businesses and services. The investment also includes the transfer of a share of Bangalore International airport Limited to Anchorage and an investment of Rs. 950 crore in M/s Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc., a wholly-owned subsidiary of OAC which is the administrator of OMERS’, one of Canada’s largest defined benefit pension plans.

The investment will be a major boost to the infrastructure and construction sector and also to the Airport sector, and will considerably substantiate the government of India’s plan to develop world-class Airport and transport-related infrastructure through private partnership. The investment will also be a significant boost to the recently announced National Monetisation Pipeline (NMP), as it will help fund leasing out of state-owned infrastructure assets which involve handling assets like roads, railways, airports, sports stadiums, power transmission lines, and gas pipelines to private operators. M/s Anchorage Infrastructure Investment Holding Ltd. is proposing to make downstream investments in some of the sectors covered under the NMP.

The investment will also lead to direct employment generation as the sector in which M/s Anchorage Infrastructure Investment Holding Ltd. is proposing to make downstream investments are capital and employment-intensive sector. The investment will also generate indirect employment during construction and ancillary activities.

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