IDFC set to invest Rs 5000 cr over 5 yrs

The Infrastructure Development Finance Company (IDFC) plans to invest Rs 1,000 crore every year over five years on township projects, infotech parks, hotels, retail, and transport sectors.

"Infrastructure, IT, hospitality and retail will be the key drivers of the economy, where we will invest money through both debt and equity-related investments," said Prem Subramaniam, principal-business development, IDFC.

IDFC has chalked out four dedicated investment plans. The first plan is to participate in township and IT park development of 300 acres across various parts of the country.

Second plan involves investment in hotel industry, government guest houses and tourist homes. "We will participate in debt and equity linked investments in potential hotel projects," said Subramaniam.

The third area of investment includes participation in the development of inter-nodal transportation infrastructure in railways and buses.

The fourth plan involves development of convenient stores across petrol pumps throughout the country.

IDFC is also in talks with institutes such as IITs and IIMs for expanding their campuses and, thereby, generating revenue. There is already shortage of accommodation space in these institutes.

"Our plan is to increase the number of rooms at hostels in IITs and IIMs or developing a new accommodation facility, so that 50 per cent of the expanded room capacity could be utilised by these institutions and the remaining 50 per cent could be rented out to outsiders, thereby, generating revenue for the institutions," he said.