Australia’s Hastings Funds Management Ltd is looking forward to grow in India through its recent partnership with Aditya Birla Group.

The Melbourne-based Australian infrastructure management company is seeking to extend its reach in India as the country is giving new opportunities for investors in the ailing infrastructure space—from roads to electricity grids.

In 2012, the Indian government has in its budget for 2012-2017 has targeted $1 trillion investment in the infrastructure sector.

Initially, partnering with Aditya Birla, the company would offer debt financing through a dedicated India fund for ongoing projects like airports and toll roads in the transportation segment.

The companies have identified nearly 250 operating assets that may provide investment opportunities. The fund would aim to provide longer-tenured debt of 10-15 years to Indian infrastructure companies, freeing up local investors to fund newer infrastructure.

The company plans to set up an office in Mumbai.

Print pagePDF pageEmail page