Other dignitaries present on the occasion were Mr. Abdulla Mohammed Al Awar, Chief Executive Officer, DIFC, Mr. Marwan Ahmad Lutfi – Deputy CEO & Head of Business Development, DIFC and H E Mr. Lokesh Mysore Kapanaiah, Indian Ambassador to UAE.
On the occasion, HE Ahmad Humaid Al Tayer, Governor – Dubai International Financial Center said, “Having international companies, like the IL&FS Group, setting up their operations at DIFC is testament to the importance of the Centre as a financial and business hub. IL&FS will use DIFC as a platform to access opportunities in infrastructure and financial services across the region.”
Mr. Ravi Parthasarathy, Chairman-IL&FS Group, emphasized the professional capabilities of the IL&FS Group and its contribution to the development of Infrastructure in India. He also explained the role IFIN is playing in promoting a large segment of financial services activities that are unique and path breaking.
While recalling the company’s excellent track record in India, Mr. Ramesh Bawa Managing Director and CEO, IL&FS Financial Services Limited was positive about continuing the trend in Dubai and other international offices as well
The Dubai operations of IL&FS Financial services will seek to provide a wide range of Investment banking services to cater to the needs of Indian and International customers in the Middle Eastern and African Markets . The prime focus of the Dubai operations would be channelizing capital from the Middle East for opportunities in India, setting up of complimentary alliances between groups across a wider array of businesses and leveraging on the infrastructure opportunities in the Middle East and India.
They would also work closely to establish a network of select players in the region and provide services in a wide range of financial products like Syndication of Foreign Currency / External Commercial Borrowings, Export Credit Agency (ECA) backed Financing, Offshore financing including Mezzanine structures, Shariah based financial products, Private Equity syndication reach with Private Equity funds, Hedge funds and Foreign Institutional Investors, Mergers and Acquisition services and Project and Infrastructure Advisory services
IL&FS has developed an array of projects on public private partnership formats across sectors like Transportation, Power, Maritime, Water projects, Urban Infrastructure, Environment, Education and Community development. The aggregate investment involved in current initiatives across these sectors is in the region of $40bn. To give a perspective, in India, IL&FS Group has around 18,000 lane kilometers of roads portfolio, is involved in developing over 15,000 mega watts of power capacity, pioneered the concept in the water business as early as 1995 and is developing a maritime business with significant ownership in Port and Terminal assets through investments and strategic alliances.
IL&FS has planted its foot print in the global infrastructure arena with the acquisition of a transportation services company in Spain and a coal mine in Indonesia. Abu Dhabi Investment Authority, Life Insurance Corporation of India, ORIX Corporation-Japan, Housing Development Finance Corporation Limited (HDFC), Central Bank of India and State Bank of India are the stakeholders in IL&FS Limited.
Thursday, May 19- 2011 @ 8:33 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.