IIFCL to raise 30,000 crore -Second Stimulas Package for Indiaan Inc ..

2009 started with all good news, let's hope this year goes as good as 2007 or better then that. It was one month before that the government approved that IIFCL can borrow up to 10000 rore in Tax free bonds which will be lend to infrastructure projects that are public and private partnership , As these projects are having high time getting long term loan from banks , Because Banks are also in need of money IIFCL might recapitalise banks through this .So they did not even fully get the 10000 crore now Indian Government has approved for the second stimulus package that India Infrastructure Finance Company Ltd (IIFCL) to raise Rs 30,000 crore for refinancing projects mainly in the highway and port sectors.

This will really help in financing big projects in turn will help the industry grow and also bring very good number of Job openings. Let's hope for the best year ahead.

Happy New Year !