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This is an archive article published on May 18, 2013
FM: Looking to set up feeder fund for IDFs
India is exploring the possibility of setting up a London-listed feeder fund for Infrastructure Debt Funds IDFs,and is looking to work with the UK on increasing institutional investments in the sector,finance minister P Chidambaram said.
Written by Press Trust Of India
London | May 18, 2013 04:10 AM IST
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India is exploring the possibility of setting up a London-listed feeder fund for Infrastructure Debt Funds IDFs,and is looking to work with the UK on increasing institutional investments in the sector,finance minister P Chidambaram said.
Both countries agreed to pursue joint work on the common aim of exploring ways to encourage increased institutional investment in infrastructure, Chidambaram said in a joint statement issued with his British counterpart,George Osborne.
This will include exploring the possibility of establishment of a London listed feeder fund for Indian Infrastructure Debt Funds IDFs, he said after the 6th Annual India-UK Economic and Financial Dialogue that ended here on Thursday.
A feeder fund makes most of its investments through a master fund.
It can obtain better trading and operating costs through the master-feeder structure because of economies of scale. India has set a target of investing 1 trillion by 2017 to bolster its infrastructure.
The statement said that India will actively consider the UKs offer of partnership over the Bangalore-Mumbai Economic Corridor,and co-financing a feasibility study.
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