Form of words:
New Delhi: The Cabinet Committee on Economic Affairs on Wednesday approved the FDI proposal of Anchorage Infrastructure Investment Holding Ltd, which proposes to invest Rs 15,000 crore in the country.
The investment is expected to give a big boost to the infrastructure and construction sector and the airport sector as well. Officials said this is also a significant boost to the recently announced National Monetization Pipeline (NMP).
An official release said the investment also included transfer of shares of Bangalore International Airport Ltd to Anchorage and Rs 950 crore investment by 2726247 Ontario Inc in Anchorage Infrastructure Investment Holding Ltd, a wholly owned subsidiary of OAC, who is the administrator. OMERS’ is one of Canada’s largest defined benefit pension plans.
It said the investment would substantially substantiate the government’s plan to develop world-class airport and transport-related infrastructure through private partnerships.
Anchorage Infrastructure Investment Holding Ltd. is proposing to make downstream investments in the capital and employment-intensive sector, the release said. It said the investment would also create indirect employment during construction and ancillary activities.
Read also: India considers allowing FDI in IPO-led LIC
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