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Home--Issues--Water IL&FS- Financing Infrastructure in India The Infrastructure Leasing and Financial Services (IL&FS) was formed in 1987 with the support of the Central Bank of India (CBI), Housing Development & Finance Corporation (HDFC) and Unit Trust of India (UTI). One of its mandates is to facilitate financing for infrastructure projects in India, as well as provide financial services. IL&FS provides various services for infrastructure development, including "project conceptualization, project development, financing, sponsorship, project management and project implementation."In addition to the original institutions at the time of its incorporation, IL&FS shares are owned by the ORIX Corporation of Japan (21%), the International Finance Corporation (an arm of the World Bank) (9%) and Credit Commercial de France (5%). IL&FS has invested in various projects, including the NOIDA-Delhi toll bridge, various road projects in Gujarat (Vadodara-Halol Road Project and Ahmedabad-Mehsana Road Project) and in Tamil Nadu, where the Tamil Nadu Road Development Corporation Limited (TNRDC) is a 50:50 joint venture between IL&FS and the Tamil Nadu Industrial Development Corporation Limited (TIDCO). In the water sector, IL&FS is very active in Tirupur Water Project, the Dewas Water Project in Madhya Pradesh and the Vizag (Vishakapatnam) Water Project in Andhra Pradesh. |
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