As India gets serious about fixing its roads and power supply, as well as its ports, railways and urban infrastructure, a huge opportunity is emerging for global project finance arrangers.
The country's infrastructure deficit is large by any measure. India's Planning Commission estimates that, between 2007 and 2011, private and public investors will spend more than $500 billion on infrastructure projects, and that figure is set to double to more than $1 trillion by 2016. It is hardly surprising therefore that India has become the world's biggest market for project finance.
According to a study by Power Finance International, published in January 2010, last year India raised $30 billion or more than one-fifth...
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