The Export-Import Bank of Korea (K-EXIM) and India Infrastructure Finance Company Ltd (IIFCL) have signed a memorandum of understanding (MoU) to strengthen co-operation in infrastructure financing.
This MoU provides for exchange of information about the possible infrastructure projects in India and would help invite Korean investments in identified projects in the infrastructure space, S.B. Nayar, Chairman & Managing Director of IIFCL, told Business Line after the MoU signing ceremony.
Kim Yong-hwan, Chairman & President, K-EXIM, and Nayar exchanged this MoU in the capital today during the occasion of Korean President Park Guen-Hye’s state visit to India.
The MoU covers cooperation in project finance in infrastructure projects, investment finance in infrastructure projects and other finance areas of mutual interest.
Speaking on the occasion, Nayar said that there is good demand for quality infrastructure in the country.
“People are now willing to pay for infrastructure,’’ Nayar said.
As the demand for infrastructure development increases due to the ongoing economic growth of India, the need for bilateral cooperation in the infrastructure sector is growing rapidly.
K-EXIM, which is South Korea's official export credit agency, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
This MoU provides for exchange of information about the possible infrastructure projects in India and would help invite Korean investments in identified projects in the infrastructure space, S.B. Nayar, Chairman & Managing Director of IIFCL, told Business Line after the MoU signing ceremony.
The MoU covers cooperation in project finance in infrastructure projects, investment finance in infrastructure projects and other finance areas of mutual interest.
Speaking on the occasion, Nayar said that there is good demand for quality infrastructure in the country.
“People are now willing to pay for infrastructure,’’ Nayar said.
As the demand for infrastructure development increases due to the ongoing economic growth of India, the need for bilateral cooperation in the infrastructure sector is growing rapidly.
K-EXIM, which is South Korea's official export credit agency, provides export financing, guarantees and other forms of credit services to facilitate trade and overseas investment of Korean companies.
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