Deutsche inks pact with IIFCL for infrastructure investment

Written by Agencies | Mumbai, March 31: | Updated: Mar 31 2008, 21:28pm hrs
Foreign lender Deutsche Bank on Monday said it has joined hands with India Infrastructure Finance Company (IIFCL), to collaborate in the area of infrastructure investment in the country.

"Deutsche Bank's access to global capital and structuring expertise in India will provide further impetus in meeting the growing demand for infrastructure finance in the country," Deutsche Bank Managing Director & CEO Gunit Chadha said in a press release issued in Mumbai on Monday.

Under the agreement, both organisations will act together to meet the long term equity and debt financing needs of the booming infrastructure sector in the country, Deutsche Bank said in the release.

Chadha signed the agreement with IIFCL's Chairman and Managing Director, S S Kohli, the statement said. Deutsche Bank has ten offices in the country and a total customer-base of about 5,50,000.