The Infrastructure Development Finance Company (IDFC) is planning to form more joint venture companies in association with state governments to promote and develop infrastructure projects in states.
The public-private partnership that is envisaged will be on the lines of iDeCK (Infrastructure Development Corporation of Karnataka) and U-iDeC (Uttaranchal Infrastructure Development Corporation).
Recently, IDFC has signed a memorandum of understanding (MoU) with Tamil Nadu (TN) to leverage their complementary strengths through an institutional alternative. It is also on the verge of signing a MoU with Kerala.