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Friday, February 08, 2013 - 6.05 GMT

India's topmost investment bank bullish on post-conflict infrastructure

 

India’s topmost investment bank and the only Indian bank featured in Fortune Global 500, SBI Capital Markets, says it is bullish on Sri Lanka’s post-conflict infrastructure.

"We are a tried and tested global player in infrastructure development. We usually aim at mega scale projects above US$ 25 million. We believe that collaboration on PPP in large scale infrastructure projects in Sri Lanka can be significant win-win for both. We are not investing by ourselves but have the capacity to bring in global investors," revealed V.G. Kannan, President/CEO SBI Capital Markets (SBICM), India, who is on a two day tour to Colombo with an SBI fact finding mission, a press communiqué by the Ministry of Industry and Finance said.

SBICM is a 100% owned entity of State Bank of India (SBI), the largest commercial bank in India. The government of India owns 61% of SBI. SBICM, a Thompson Reuters ‘Bank of the Year’ award winner, specialises in mergers and acquisitions (M&A) as well as mega scale project financing. Among SBICM’s portfolio of 165 global clients are Standard Chartered, HSBC (InvestDirect), FranklinCovey, Bloomberg/UTV, Vodafone, LandRover, IndianOil, Le Meridien, NIIT, and Aditya Birla. SBICM is also the sole Indian member of M&A International Inc, integrated global alliance of industry-leading advisory and finance firms, with more than 1400 global M&As at $ 85 Bn in the past five years.

"We believe that collaboration on PPP in large scale infrastructure projects in Sri Lanka can be significant win-win for both. As a start, we are planning to host a high level confab with regard to PPP on the infrastructure projects next March in Colombo in association with EuroMoney and Merchant Bank of Sri Lanka (MBSL). We believe that a defined, sector-wise PPP investment framework by Sri Lanka will help the country to garner higher PPP financing as well as increased investor confidence. Both Sri Lanka’s North South and East West corridors have high investment appeal. We also believe that there is much more scope to engage private sector in Sri Lanka’s large scale infrastructure projects," Kannan said.



 
 
 
   
   
     
   
   

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Last modified: February 08, 2013.

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