India infrastructure construction bridge
Kolkata: Srei Infrastructure Finance Ltd plans to stop financing Indian infrastructure projects after three decades in the business, as a slowing economy and crisis in the shadow bank sector dries up funding lines.
The International Finance Corp-backed firm will instead focus solely on financing purchases and leasing of equipment, vice chairman Sunil Kanoria said in an interview in his Kolkata office.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
