The Cabinet Committee on Economic Affairs on Wednesday approved the proposal for FDI from Anchorage Infrastructure Investment Holding Ltd, proposing an investment of Rs 15,000 crore in the country. The investment is expected to be a major boost for the infrastructure and construction sector as well as for the airport sector. Officials said it is also a major boost to the recently announced National Monetization Pipeline (NMP)
An official release said the investment also includes the transfer of the share of Bangalore International Airport Limited to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc., a wholly owned subsidiary of OAC that operates the OMERS”, one of Canada’s largest defined benefit plans.
It said the investment will significantly underpin the government’s plan to develop world-class airport and transportation-related infrastructure through private partnerships.
The press release states that Anchorage Infrastructure Investment Holding Ltd. proposes to make downstream investments in the capital and employment intensive sector. The investment also provides indirect employment during construction and ancillary activities.