India’s largest investment bank here
Giving a sudden boost to Sri Lanka’s mega-infrastructure development
landscape, India’s topmost investment bank and the only Indian bank
featured in Fortune Global 500, SBI Capital Markets, says it is bullish
on Sri Lanka’s post-war infrastructure.
“We are a tried and tested global player in infrastructure
development. We usually aim at mega scale projects above $ 25 million.
We believe that collaboration on PPP in large scale infrastructure
projects in Sri Lanka can be significant win-win for both.
We are not investing by ourselves but have the capacity to bring in
global investors” revealed V. G. Kannan, President and Chief Operating
Officer of SBI Capital Markets (SBICM), India on February 7.
Kannan, who is on a two day tour to Colombo with an SBI fact finding
mission, met Rishad Bathiudeen, Minister of Industry and Commerce on
February 7 at the Ministry premises, Colombo 3.
SBICM is a 100% owned entity of State Bank of India (SBI), the
largest commercial bank in India. The government of India owns 61% of
SBI. SBICM, a Thompson Reuters ‘Bank of the Year’ award winner,
specialises in mergers and acquisitions (M&A) as well as mega scale
project financing. Among SBICM’s portfolio of 165 global clients are
Standard Chartered, HSBC (InvestDirect), FranklinCovey, Bloomberg/UTV,
Vodafone, LandRover, IndianOil, Le Meridien, NIIT, and Aditya Birla.
SBICM is also the sole Indian member of M&A International Inc,
integrated global alliance of industry-leading advisory and finance
firms, with more than 1400 global M &As at $ 85 billion in the past five
years.
“We believe that collaboration on PPP in large scale infrastructure
projects in Sri Lanka can be significant win-win for both.
As a start, we are planning to host a high level confab with regard
to PPP on the infrastructure projects next March in Colombo in
association with EuroMoney and Merchant Bank of Sri Lanka (MBSL).
We believe that a defined, sector-wise PPP investment framework by
Sri Lanka will help the country to garner higher PPP financing as well
as increased investor confidence. |