Infrastructure is a broad term that includes all the elements providing foundation to the functioning and the growth of a nation, within its purview. Civil constructions, information technology, power, oil & gas, telecommunications, and transport are some of the crucial components of such ‘growth determining’ framework. Infrastructure Journal published for the Indian Infrastructure Conference 2007, listed various categories and sub-categories of infrastructure.
Post-independence, Government agencies, as well as, private sector in India have played a vital role in the formation of the infrastructural backbone of India. Government undertakings, like National Highway Authority of India (NHAI) and Port Trust of India were formed with an objective of rapid capital formation in India. Infrastructural finance organizations, such as the India Infrastructure Finance Company Limited (IIFCL) and Infrastructure Leasing & Finance Corporation (IL&FS) occupy another significant position in the development of Indian structural foundation.
In the late September 2009, IIFCL, in collaboration with the International Bank for Reconstruction and Development (World Bank), extended a credit line of $1.195 billion. Because of innovative financial engineering, various domestic and foreign hedge funds aid the infrastructural financing. New York based Infrastructure Development Company, Old Lane (now owned by Citigroup) is currently offering infrastructure hedge funds in India.
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