Availability of long-term finance for infrastructure projects challenge: Official
According to an official at a webinar organised by BCCI,
Availability of long-term finance for infrastructure projects in the country is a challenge, which calls for changes in financial regulation as such development initiatives have lengthy gestation periods.
Speaking at a webinar organised by BCCI, state-run IIFCL Managing Director P R Jaishankar said, "Majority of funds for infrastructure used to come from banks. Presently, banks have been replaced by non-banking finance companies and infrastructure financing companies.
He said a change in mindset is needed to define standard assets as this will help in the long-term amortisation of funds deployed.
According to him, what is required is "the changes in financial regulation as infrastructure projects have long gestation periods".
Another aspect is relay financing from one entity to
another, which will also help finance infrastructure projects in the country,
Jaishankar said.
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01-2026
