Canada fixes $3-bn for Indian infra

    Canada Indian Infra
    In order to make the most out of the emerging business avenues in the country's infra sector, the Canadian pension funding agency has planned to invest a whopping $3 billion in multiple projects in Maharashtra. The funds are keen to invest in projects including the housing for-all schemes, help building the upcoming International Finance Centre at BKC, setting up smart cities, building a water grid, among others. In this connection, Canadian Minister for infrastructure and communities, Amarjeet Sohi, will visit Maharashtra this week and the deal is expected to be finalized shortly, said official sources, adding that Canadian companies are looking at a 2% risk premium over Canada's treasury yield on their investments. State government's officials said that Ontario Teachers' Pension Plan, Sunlife Insurance Company and Fairfax among others are keen on investing in Maharashtra. The Canadian funds will start with the initial investment of $3 billion and once things start moving, there will be more investments in multiple sectors. Brookfield is eager to partner with the state government on the 'housing for all' project. The company is interested in teaming up with developers in India by lending their expertise in building prefabricated structures for housing sector.
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