Bank lending to Infra sector shoots up 45% in last 2 years

Bank credit to the infrastructure sector shot up by over 45% in the years 2008-09 and 2009-10. That's the biggest takeaway from the details of the sectoral distribution of credit that the central bank made public recently.

The RBI's revelations indicate that from November 2008 to November 2010, credit to the infrastructure sector grew by 110% from Rs 2.2 lakh crore to Rs 4.82 lakh crore. Overall credit in the same period however grew only by 9% and 22%, a total of around 31%, and this amounted to Rs 8 lakh crore.

Of the total Rs 8 lakh crore of extra loans given by banks in two years, over Rs 2.5 lakh crore was taken away by infrastructure itself.

India's annual industrial output growth accelerated to 10.8% in October from 4.4% a month ago.

India expects to invest about USD 500 bn in infrastructure, mainly in power, telecommunications, roads, railways and oil pipelines in five years to end-March 2012.

The Indian government plans to double spending on infrastructure to USD 1 trillion in its next five-year plan, which runs from April 2012.

Recognizing these issues the Bharat Chamber of Commerce and IPF have come together in the quest to bring the best and most influential minds together for a conference to discuss the issues that concern the sector, the policy approach, project analysis, supply outlook and the multiplier effect of investment on aggregate demand.

The idea is to glean learning points from Infrastructure growth stories from neighboring China to overseas UK and apply the best practices in the India Development Story to which the whole world looks up nowadays.

The confirmed speakers and the topics that they will be speaking on include:

R V Verma, CMD, National Housing Bank on “Housing Policy”
Aditya Aggarwal, MD, IDFC Project Equity on “Equity Funding of Infrastructure”
S P Gon Chaudhuri, MD, West Bengal Green Energy Development Corporation on “Renewable Energy in India – Living up to the potential”
Jaydip Sinha, MD, Madison Capital LLC on “Investment in Health Sector and Role of Investment Bankers
Dr Sudip Kr Roy, Professor, Bengal Engineering & Science University on “Urban & Rural Ttransport – Finding the optimal modal mix”
B K Makhija, MD & CEO, RITES on “Mass Rapid Transport Systems”
R D Mundhra, Director, Simplex Projects Limited on “Urban Transport Solutions”

For the detailed agenda and list of speakers, click here. http://infrastructure.ipfedge.com/agenda/

Seats are limited and available on a first come first served basis. To download a registration form click here. http://infrastructure.ipfedge.com/IC_RegdForm.pdf http://infrastructure.ipfedge.com/agenda/

For speaking and sponsorship opportunities call Mr. Rajarshi on 098306 74645 or write to him at rajarshi@ipfonline.com

IPF is committed to create world class knowledge sharing platforms.

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Telephone: 011 23318430 / 43562388 / 43562399
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This release was published on openPR.