SBI signs MoU with NIIF to boost capital availability for infrastructure projects
The State Bank of India (SBI) and National Investment and Infrastructure Fund (NIIF) have inked a memorandum of understanding (MoU) to boost the availability of capital for infrastructure projects. The scope of the MoU includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets. The objective of this initiative is to aid in filling the gap at a time when the availability of equity and debt financing for infrastructure has moderated. The initiative will address concerns relating to the availability of equity and long-term debt funding options to large scale projects, thereby stimulating the infrastructure development.