KFW initiates discussions with airlines for debt exposure

Kolkata: KFW Ipex Bank, an associate of German government owned KFW, has initiated discussions with private airline operators in India for debt exposure. KFW has an exposure of $ 14 billion worldwide in airlines industry.
It has also decided to increase its debt exposure through KFW Ipex in India from $ 1.5 billion to $ 3 billion over the next 2-3 years.
Besides, it is investing $ 30 million in to two infrastructure funds floated by IL&FS and IDFC for taking equity exposure in infrastructure projects.
The member of the board of managing directors of KFW Ipex, Christian K Murach, disclosed this to the reporters here in Kolkata.
He was here to sign an agreement with Srei Infrastructure Finance for providing a long term loan of $ 25 million (Rs 115 crore).
12/07/06 Business Standard

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