Defining the Future

Our Chairman
Shri. Pinarayi Vijayan
Hon. Chief Minister

Our Vice Chairman

Dr. T M Thomas Isaac
Hon. Minister for Finance KIIFB Approved Projects
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From the CEO’s desk..........
Amidst all the exciting work that is going on between KIIFB, the SPVs and the Departments, there was something
fascinating that happened in terms of capacity building in KIIF. In its last meeting on June 4, 2019 the Board had
approved purchase of a Bloomberg Terminal.
In the national and international markets, almost all reputed financial firms subscribe to Bloomberg Professional
service. The Bloomberg terminal is a computer software system provided by the financial data vendor Bloomberg L.P.
This amazing piece of software enables professionals in the financial service sector and other industries to access the
Bloomberg Professional service. Through this system, users can monitor and analyse real-time financial market data
and even trade on the electronic trading platform. Besides there is a continuous feed of financial and economic news,
price quotes relevant to the financial world.
For the curious reader: a bit of history about the system itself! Michael Rubens Bloomberg is one of the founders,
the Chief Executive Officer and owner of Bloomberg L.P., which bears his name. He is an American businessman,
politician, author, and philanthropist. He is ranked as the sixth-richest person in the United States and the ninth
richest person in the world. Bloomberg has also a strong political background and served as the Mayor of New York
City for three consecutive terms.
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Bloomberg Terminal

The Analytics team of

Bloomberg Branch in Mumbai have
been conducting training sessions
for the KIIFB Finance Team. All the
members of the Finance Team in
KIIFB along with the CEO keenly
participated in the sessions. The
last of the four training sessions
is proposed in the coming week.
It was a mind-blowing experience
for the entire team to see the
stupendous analytic capabilities
that the Terminal Offers. You
can see your own securities like
the Masala Bond on the screen,
securities across similarly rated
entities like KIIFB, study regional
and global country markets and get access to predictions by economists on the growth forecasts of various countries,
regions and global markets and more relevant to us, get forecasts on market yields for various tenor securities across
the world and in the country. Our team is excited about this new capability that we have acquired and hope to put it
to good use in our future market borrowing plans.
We have divided the finance team into three groups. Starting from the next newsletter, we will carry a small
column titled “Economy and market watch”. Each of our three groups will prepare the column by rotation.
This week, we have covered the major bridges being taken up in KIIFB as our focus project area. In a state like
Kerala, crisscrossed with its beautiful network of rivers, bridges are a vital part of the State’s connectivity. The piece
from our Technical Inspection Wing gives insights and solution of unaccounted water loss – a theme that is going
to be increasingly relevant to our future where thinkers predict that the next major confrontation in the globe will be
around water.

More in our next edition. Happy Reading

¹º¶·ɶ´ÆźǶȲ´¶Ãʁ 

2 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

ÃÀ»¶´ÅÄÁÁÃÀǶµ³Ê 
Infrastructure projects totalling about Rs.29500 Cr have been approved by the Board in various sectors.
Besides which Industrial Infrastructure projects (including land acquisition for industrial parks) totalling
about 14000 Cr were approved by KIIFB. KIIFB’s portfolio of Infrastructure project includes large State
Highways, major roads, Bridges, Rail Over Bridges, Flyovers, Education Infrastructure, Health Infrastructure,
Water Transport, Urban Infrastructure, IT Infrastructure, Transmission Lines, Cultural Centres, Zoos,
Animal Rehabilitation Centres etc. KIIFB portfolio of Projects can be broadly classified into the following:

Type of Project Nos. Approved Amount (Rs. in Crores)

Infrastructure 552 29455.71
Industrial Infra 3 14275.17
Total ЗЗЗ ЖЕЙЕВʇКК

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Sector wise number of Infrastructure projects approved, and their cumulative approved cost are tabulated
below:

Amount Amount
Department Nos. Department Nos.
(Rs. in cr.) (Rs. in cr.)
PWD - Roads 148 6365.36 Transport 3 556.49
PWD - Bridges 52 1407.05 Forest 4 441.67
PWD - ROBs 28 904.21 Culture 8 194.34
PWD - Flyovers 9 635.51 SC / ST Development 9 186.60
PWD - Hill Highways 17 1506.25 Fisheries & Ports 3 194.24
PWD - Coastal Highways 1 52.78 Devaswom 1 141.75
PWD - Underpass 1 27.59 Registration 6 89.88
Power 15 5200.00 Labour & Skills 5 82.50
Water Resources 75 4448.98 Tourism 3 72.47
General Education 76 2037.91 Home 1 50.14
Health & Family Welfare 19 1819.80 Local Self Government 3 31.69
Information Technology 3 1174.13 Agriculture 1 14.28
Coastal Shipping & Inland
1 566.51 Revenue 1 10.09
Navigation
Higher Education 26 562.02
Sports & Youth Affairs 33 681.47 Total ЗЗД ДЛЖЖЗʇЙГ

Of the above Infrastructure projects, power are conceived as projects with revenue generating
projects totalling Rs. 5200 Crore, IT projects totalling potential and revenue from the project will be
Rs. 1174.13 Crore and 5 Cultural Projects totalling utilised to repay the finance provided by KIIFB.
57.25 Crore (21 projects totalling Rs.6431.38 crore)
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 3
 ¿µÆÄÅú²½ ¿·Ã²
Beside the Infrastructure Projects, KIIFB has also approved the following Projects related to Industrial
Infra. The Projects are conceived as revenue generating and revenue generated will be utilised to repay the
finance provided by KIIFB
Type of Project Nos. Approved Amount (Rs. in Crores)

Industrial Park 2 1565.17

Land for Industrial Infra 1 12710.00
Total Е ГЖДЙЗʇГЙ

Department wise status of projects

Æ¿µ¶Ã¶É¶´ÆźÀ¿
Projects Approved by Projects in which Projects in which
KIIFB Work tendered Work tendered
Sl. No. Department
Amount Amount Amount
No. No. No.
(Rs. in Crore) (Rs. in Crore) (Rs. in Crore)
1 Agriculture 1 14.28
2 Culture 8 194.34 8 181.14
3 Devaswom 1 141.75 1 27
4 Fisheries & Ports 3 194.24
5 Forest 4 441.67 2 87.50 2 74.44
6 General Education 76 2037.91 76 1834.42 50 1246.91
7 Health & Family Welfare 19 1819.80 11 634.25 7 427.53
8 Higher Education 26 562.02 10 209.55 5 68.71
9 Home 1 50.14
10 Information Technology 3 1174.13 2 160.09 2 164.57
11 Labour & Skill 5 82.50
12 Local Self Government 3 31.69
13 Power 15 5200.00 11 1579.28 3 657.38
14 PWD 256 10898.75 124 4239.57 109 3333.85
15 Revenue Department 1 10.09
16 Registration 6 89.88 5 49.18 5 43.63
17 SC/ST Development 9 186.60 6 108.43 4 64.53
18 Sports & Youth Affair 33 681.47 23 331.13 14 188.10
19 Tourism 3 72.47 2 3.19

4 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

 20 Transport 3 556.49 2 44.96 2 46.69
21 Water Resources 75 4448.98 34 1110.22 25 714.21
Coastal Shipping & Inland
22 1 566.51 1 0.42
Navigation
Total ЗЗД ДЛЖЗИ ЕГК ГВИВВ ДДК ЙВЕГ

À´ÆÄÃÀ»¶´Åʃúµ¸¶ÄÆ¿µ¶ÃƳ½º´
Works Department
Bridges play a critical role in the transport infrastructure of the State, providing much needed connectivity
at various points and easing the traffic congestion in certain areas. Several projects have been undertaken
with KIIFB funding for revamping the existing bridges which need repair or building new ones where
capacity constraints are observed. 52 Bridge projects have been approved by KIIFB. Out of this 21 which
are at an outlay of more than Rs.25 cr. are listed below:
Cost
Approved
SL. No. Prtoject Name
By KIIFB
(Cr.)
1 Construction of Zilla Court Bridge across in Alappuzha District 98.90
2 Construction of Kumbalam -Thevara Bridge in Ernakulam District 97.45
3 Construction of Perumbalam Panavalli Bridge in Alappuzha District 95.86
4 Construction Of Bridge Connecting Pallathuruthi Out Post And Kainakary In Alappuzha District 59.50
5 Valiyapalam Bridge at Puthiyapalam across Canoli canal Kozhikkode district 59.01
6 Construction of Padaharam Bridge across Pampa river in Alappuzha District 55.78
7 Thirunavaya- Thavanur River Bridge 53.38
8 Construction of Thattassery Bridge in Alappuzha 50.10
9 Construction of Punnamada Bridge in Alappuzha 48.80
10 Construction of Kumbalangi Keltron - Keltron Ferry Bridge 44.30
11 Construction of Peruman bridge connecting Peruman and Munrothuruthu Across Ashtamudy lake 41.22
12 Construction Of Thottappally-Naluchira Bridge In Alappuzha District 38.00
Construction of Karma bridges across Canoli canal connecting with Ponnani port and
13 33.46
Chamravattom regulator
14 Kakkathuruthu Bridge in Alappuzha District 33.14
15 Construction of Akalapuzha bridge across Akalapuzha river in Kozhikode District 30.00
16 Bridge parallel to Shavakotta bridge in Alappuzha district 28.50
17 Construction of Olambakkadavu Bridge in Ponnani & Thavanur LACs in Malappuram District 28.46
Construction Of Thriprayar Bridge Across Canoli Canal In Cherppu – Thriprayar Road, Nattika Lac,
18 28.42
Thrissur District
19 Reconstruction of Elathur - Korapuzha bridge on NH-66 in Kozhikode district 28.00
20 Construction of New Ranni Valiya Bridge 26.76
The above projects approved by KIIFB are now under various stages of development such as land
acquisition, tender and construction. Salient features of some of these Bridge projects which are critical to
the region are outlined below:
À¿ÄÅÃƴźÀ¿À·¶Ãƾ³²½²¾úµ¸¶º¿½²ÁÁÆ˹²ºÄÅú´Å
The proposed construction is in Aroor Constituency of Alappuzha. Announced in the budget speech
2016-17, this project envisages construction of a new bridge across the Vembanad Kayal connecting
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 5
Alappuzha and Perumbalam Island. Perumbalam
is a panchayat located in the northern region of
Alappuzha District surrounded by Vembanad Lake,
and with a total population of 9733. Commuters
including students and employees currently depend
on jankar services for crossing the lake.
The construction of the bridge is expected
to resolve the transportation difficulties in the
Perumbalam Island by providing a much needed
connection to the Alappuzha side. Residents
travelling to adjoining districts would benefit greatly,
especially during the monsoon season. Casualties,
by way of delayed medical care owing to absence
of punctually scheduled boat services could also be
avoided once the project is completed.
The bridge is proposed with a length of 1110m,
the structure would be made of a PSC Bowstring
girder central span and end spans of continuous
PSC girders and RCC slabs. Overall the width would
be 12m.
The project has been approved for funding by
the KIIF Board, which met on 25th October 2018.
The approved outlay of the project is Rs.95.86
crore. It is being executed by the Kerala Road Fund
Board (KRFB). Land acquisition at Vaduthala and
Perumbalam sides would be required for completion
of the project.
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²½ºÊ²Å¹ÀµÆʁ²Å¹²¿²¾Å¹ºÅŲ
The proposed bridge consists of a 7.5m wide
twin bridge with 1.5m wide single-sided footpath to
be constructed on either side of the existing bridge.
Total span of the bridge is 25.32m. The project is
expected to improve and ease traffic flow through
the main central road (SH-1) as well as the Adoor
– Pathanamthitta road in Adoor town, especially
during the Sabarimala pilgrimage season.
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½²ÁÁÆ˹²
The existing Court Bridge is situated on the
alignment of Alappuzha Madurai State Highway
40 and constructed across the Vada Canal, with a
span of 33m and a width of 7.5m. Six roads merge
at the two approaches to the bridge and heavy traffic
congestion affects the smooth flow of traffic on the
highways.
6 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
The proposal is to build a new elevated bridge
having rotary exchange at the centre and with a set of
underpasses, and ramp roads and flyovers on either
side of the canal for easing the congestion faced
presently. Ramp roads of width 5.5m and 7.5m have
been proposed on Mullakkal and Thanneermukkom
sides respectively. On the Mullakkal side, it is
proposed to provide a few box type structures of size
5.8m x 5.2m under the ramp road to rehabilitate the
existing shops at the same side. Rehabilitation of the
boat jetty is also proposed.
The project will be implemented by the SPV
Kerala Road Fund Board at an approved outlay of
Rs.98.90 crore.
½²Å¹ÆÃÀòÁÆ˹²úµ¸¶À¿ ЄЄʁ
À˹º¼Àµ¶
The proposed river bridge is to be constructed
on NH66 (old NH17) at Korapuzha in Kozhikode
district, reconstructing an existing bridge along the
alignment of NH66. The present Passenger Car
Unit (PCU) at the location is reported to be 39,491.
The existing bridge is in a dilapidated condition,
requiring early renovation.
The newly proposed bridge has a width of 12m
with 7.5m carriage way and 1.5m footpath on both
sides. The total length of the bridge is 224m with 7
spans of 32m each.
The project will be implemented by the SPV
Kerala Road Fund Board at an approved outlay of
Rs.28.00 crore.
úµ¸¶ÀǶùÀ¿¿²½ºÁÆ˹²º¿
òÅŲ¼Æ½²¾ʦ²¿ºÊ²¾Á²Ã²À²µʁ
²½²¼¼²µºÄÅú´Å
The proposed bridge is to be constructed across
the Thonnalipuzha in Erattakulam – Vaniyampara
Road, Palakkad. The bridge will connect Kavassery
and Kannambra Panchayats. The project will
reduce the distance from Pudukkode Panchayat to
Taluk Headquarters by 4 km.
The bridge will have an overall width of
11.05m and carriage way of 7.50m. The total
length of the bridge will be 78m with approach
roads on both sides. The project will be
implemented by the SPV KRFB at an approved
outlay of Rs.8.00 crore.
 º´ÅÀú²½¶ÁöĶ¿Å²ÅºÀ¿
À·úµ¸¶Ä²´ÃÀÄĶò½²

KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE 7

    

We are living in a time realizing the reality of
water scarcity. Water after treatment is distributed
through pipes. There are various reasons for water
loss. Measures must be taken to monitor operations.
Adopting technological innovations for surveillance
can make a huge difference.
Chennai, India’s fourth-largest city is facing one
of the worst water scarcities in recent years. Climate
change is order of the day with erratic monsoon and
not only drinking water but also power generation
also at threat. The Chennai city is estimated to need
800 million litres of water daily whereas the utility
is supplying 525 million litres only. So all out efforts
are required to avoid wastage of water due to leaks,
pipe bursts, etc.
Kerala receives an average annual rainfall of
3107 mm, against a national average of 1197 mm.
With this, we have an enough source of water. But,
most of the rainwater goes as runoff and escapes to
sea. Our freshwater sources are rivers, lakes, and
wells. With less replenishment of the groundwater
table and impending monsoon, freshwater scarcity
is imminent.
The collected water is treated in a treatment
plant to get rid of contaminants before distributed.
Treatment of water costs 23 INR per Kilo litre and
hence producing 1 MLD of water capital costs
around 1Cr.
Kerala Water Authority (KWA) estimated that
around 30-35% of treated water is lost during the
distribution stage due to leakage. As we have begun
8 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
to experience water scarcity, we cannot afford to
loose water. 15%, the permissible limit according
to the CPHEEO (Central Public Health and
Environmental Engineering Organisation) manual
must be achieved to ensure this precious resource
free in nature.
WATER LOSSES
Water losses are categorized into two types (1)
Non-Revenue Water (NRW) and (2) Unaccounted
For Water (UFW). The treated water which doesn’t
reach the consumer comes under these categories.
This helps in auditing for the water flow in the
system and helps in determining the steps needed
to reduce the loss. Non-Revenue Water losses are
the water lost through leaks and Unaccounted For
Water(UFW) losses are the water that is pilfered
(usage of water without authorization).
The major factors to be identified are where the
most leakage is, to find why there is a leakage and
how the leakage can be stopped.
Leak detection methods use sounding
technology to detect underground leakages. As of
now, ground dampness indicates water leakages.
But the amount of water lost before it reaches above
the ground is unaccountable as it might take days
for the water to reach the surface after saturating soil
beneath. So detecting at an early stage is inevitable
to achieve the target aimed.
Another type of leak detection is by pressure
detection. In a closed conduit system, a certain
pressure is held. With the help of the sensor, we can
detect any loss in pressure which indicated water
loss. District metered areas (DMA) is a prominent
idea where in district water distribution is under
monitor by monitoring pressure. There is a system
that uses this principle and it’s called “SCADA”

“SCADA” stands for “supervisory control and
data acquisition.” It is a computer-based system
that is used for monitoring and managing various
types of operations. In detail, it is essentially
a communication network of the entire water
distribution system enabling to oversee the entire
process and control it. It is automated and requires
less human interaction.
The system is set up in a control room at a
treatment plant. In a typical control room setup,
Programmable Logic Controllers (PLC) oversees the
supervision of the various processes. Remote control
units are also present in the remote site.
In brief, what SCADA brings forth is the
capability of monitoring flow and pressure in the
distribution system in real-time. It helps in detecting
water loss and narrows down the location wherein
the pressure drops. So the operators can take faster
action by closing sensor operated valves, rerouting,
etc.
The system monitors the entire network using
cameras, pressure sensors motion detectors, contact
switches, specialized entry devices, alarms, etc. This
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
reduces the number of labourers required. Any
failures, overloading or leakages will be indicated
by visual indications and alarms. And without much
delay, the operators can investigate it and help in
damage control. This saves a lot of water and money.
Records of alarms such as video frames are kept for
further follow-up and this helps in future studies.
SCADA systems can also work automatically
to control actions, such as emergency shutdowns,
starting or stopping pumps, opening or closing of
valves, etc. The information for this is taken from
the network itself. The system can also detect the
presence of contaminants by using analyzers. It
can measure residual chlorine content, dissolved
oxygen, pH and temperature.
 
Implementing SCADA is the best solution for
most of the problems. Developed countries already
use it for their water and electricity distribution
system. And
it has helped
them to keep
the loss within
the permissible
limits.
Even the
best quality
pipes if not laid
properly will
lead to failures
and hence
care shall be
exercised in
laying pipes
and pressure
testing at
site make it
possible to get intended service in the long run. In
projects funded by KIIFB this aspect is emphasised
by the technical team and ensure the quality tests
are being done for the pipes used.
Let us work together to bring leakage loss within
permissible limits specified in CPHEEO manual
in all our future projects. “Water is PRICELESS in
nature, PRICELESS too in its benefits”. Let us save
water for the generations to come.
9
µ¾º¿ºÄÅòźǶ ¿ÄÁ¶´ÅºÀ¿º¿¸¿ÀŶÄʇʇʇ
The Administrative Inspection Wing (AIW)
reviewed the progress of implementation of
projects by two different SPVs during last
fortnight. The focus was on the administrative
procedure and progress of implementation of
the projects “Upgradation of 10 ITIs on par
with international Standards” entrusted to M/s
KASE and “Replacement of Transmission Mains
in Thiruvananthapuram Circle”, entrusted with
KWA.
ʖÁ¸Ã²µ²ÅºÀ¿À·ГВ  IJÅÁ²ÃȺŹ
international Standards” ʖ¶Á½²´¶¾¶¿ÅÀ·ò¿Ä¾ºÄĺÀ¿²º¿Ä
The project mainly focuses on the construction º¿¹ºÃÆDz¿²¿Å¹²ÁÆò¾ºÃ´½¶ʇʗ
of energy efficient modern buildings as per
international standards for 10 ITIs in the State
with integrated provision for learning including
modernised IT ready class rooms, multinational
factory standard workshops and additional
furniture etc. The KIIFB approved the projects for
funding as detailed below:
Amount
approved
Sl No Name of ITI
by KIIFB
(In Crs)
1 Danuvachapuram, 11.359
Thiruvananthapuram
2 Chandanathope, Kollam 3.98
3 Chengannur, Alappuza 19.758
4 Ettumannur, Kottayam 7.77
5 Kattappana, Idukki 5.58
6 Chalakkudi, Thrissur 8.92
7 Malampuza, Palakkad 12.79
8 Koyilandi, Kozhikode 4.006
9 Kannur 4.107
10 Kayyur, Kasaragode 4.23
A Technical Sanction Committee has been
constituted by Govt. for the project. Though
the initial process of implementation is seen
progressing some deficiencies such as non-
operation of separate bank Accounts for centage,
non-inclusion of ‘tender evaluation process’ in the
portfolio of the TS Committee and non-fixing of
10 KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE
Tender Acceptance Authority etc are observed
on inspection. The Government have constituted
a Special Cell for monitoring the project with
Joint Director (Industrial Training) as Convenor
but the term of which will expire on 31.08.19.
Also the SPV is not equipped with an inhouse
team of technical officers for ensuring quality
supervision of the projects in field. The SPV is,
therefore, instructed to rectify the above pointed
out deficiencies/ deviation from KIIFB guidelines
to ensure timely and quality implementation.
The project at a cost of Rs. 77.86 Crs
comprising following 6 works viz. Replacement
of Transmission Mains from ‘Bhagat Singh Nagar
to Mannanthala’, ‘Bharathannur to Iyyermukku’,
‘Oservatory to Ayurveda College, Peroorkada
to Manvila, ‘Chamavila to Nellimukku and
‘Nellimukku to Iyyermukku’.
Out of the above 6 works tender finalised
and Agreement signed for 2 works viz. ‘Bhagat
Singh Nagar to Mannanthala’ & ‘Bharathannur to
Iyyermukku’ and the Technical bid are placed in
KWA Board for approval in respect of 2 works viz.
‘Observatory to Ayurveda College & Peroorkada
to- Manvila. The Revised Estimate for the
remaining 2 are submitted to KIIFB for approval.
On inspection the AIW has observed certain
deficiencies/deviation from KIIFB guidelines
in the project implementation as shown
below:
• Non updation of Project Documents in the
KIIFB portal and non-preparation of WBSs.
• Insufficient validity of Performance Guarantee
and Additional Performance Guarantee.
• Lack of timely clearance/permission for road
cutting from PWD/NHAI/LSGIs etc.
• Un realistic estimate for road restoration.
• Time lag between KIIFB approval and
Technical Sanction and delay in tender
process.
Necessary instructions were issued to the
SPV to ensure the compliance of systems and
procedure applicable to KIIFB Projects.
¿ºÀ¿Ƶ¸¶Å²¿µŹ¶Ä´ÀÁ¶À·
The maiden budget speech of Hon’ble Union
Finance Minister Smt. Nirmala Sitharaman tries to lay
out the building blocks for turning India’s economy to
achieve the $ 5 Trillion mark in the next five years. To
achieve this target a robust and resilient infrastructure
system is required supported by adequate private
investments. According to the Economic Survey
2018-19, “India needs almost double its spending on
infrastructure at $ 200 billion annually and the real
challenge lies in harnessing private investment”. To
put it in another way the country needs to spend 7-8%
of its GDP on infrastructure annually which translates
to $200 billion currently. Even as the country has
been able to put $ 100 to 110 billion annually into
infrastructure development the huge investment
gap of about $ 90 billion needs investment through
innovative ways.
The proposed investment in infrastructure sector
over the next five years is $ 100 Trillion($200 billion
annually). Though ambitious, a focused move by
perfectly blending private sector investment, though
now subdued, is the only significant contributor
to achieve this. Even though financial resources are
commensurately available with private sector and also
being in a good shape to participate, private players are
reluctant to come forward. A slew of measures to boost
private sector participation in infrastructure spending
have been announced. To quote from the budget:-
• Emphasis on infrastructure debt funds,
deepening of bond markets and expressing
intent to consolidate relationships with global
pension and sovereign funds to meet long
term investment requirements.
• Important to ensure a harmonized and
hassle-free investment experience for foreign
portfolio investors.
KERALA INFRASTRUCTURE INVESTMENT FUND BOARD - DEFINING THE FUTURE

• Plan to raise the limit of foreign holding in
select public sector entities while eyeing
Rs.1.05 lakh crore through disinvestment.
• Rationalize and streamline the existing KYC
norms for Foreign Portfolio Investors (FPIs) to
make more investor friendly.
• Merging the investment route for NRIs with
that of FPIs with a view to provide NRIs with
seamless access to Indian equities.
• FPIs are allowed to invest in ReITs and InVITs.
• Credit guarantee enhancement corporation
will be set up and an action plan to deepen
markets for long term bonds with specific
focus on infrastructure sector.
• Permit investments made by FIIs /FPIs in debt
securities issued by infrastructure debt funds.
• Pumping of Rs. 70,000 crore to recapitalize
PSBs
• Setting road map for different sectors.
What’s important in KIIFB’s perspective is utilizing
the comfort proposed in mobilizing resources through
debt securities. The prospects of encouraging FPIs
to invest in infrastructure debt funds will be a game
changer, wherein lies the immense scope of KIIFB’s
field of play. Once the government succeeds in winning
the confidence of investors through prompt and
concerted legislative action, the benefits will typically
handhold KIIFB’s initiatives in resource mobilization.
The relentless and painstaking efforts of KIIFB will
eventually get its due. The name of KIIFB is now
quite familiar in the international debt market with its
successful stint with the Masala Bond. KIIFB, being a
pioneer in the FPI sub-sovereign arena, is well poised
to reap the benefits if the budget proclamations take
root.
11
 Progress Report as of ГЗȥș ƽÊДВГЛ
Subscribed Subscribed
Sl. No. Counrty Registered
Customers Chittals
1 United Arab Emirates 22129 4389 5530
2 Qatar 3472 510 592
3 Saudi Arabia 2971 439 495
4 Kuwait 1722 271 333
5 Oman 1544 279 328
6 Bahrain 1180 228 280
7 United Kingdom 250 31 35
8 Ireland 75 9 9
9 Italy 30 1 1
10 Germany 29 3 3
11 Malta 17 1 1
12 Netherlands 12 4 4
13 Poland 9
14 France 7
15 Spain 5
16 Norway 5 1 1
17 Czech Republic 4
18 Austria 3
19 Belgium 3 2 2
20 Sweden 3
21 Switzerland 2 1 1
22 Finland 2
23 Latvia 2
24 Portugal 2
25 Russia 2
26 Albania 1
27 Denmark 1
28 Romania 1
29 Slovenia 1
Total ЕЕЖКЖ ИГИЛ ЙИГЗ
Stastics as on ГЗʇВЙʇДВГЛ
Total Monthly sala 10.58 Cr
KIIFB Secuirty Bond Subscribed 10.99 Cr
No of Prize Money Deposted 678
Total Amount of Prize Money Deposted 22.45 Cr
No of Prize Money Disbursed 191
Total Amount of Prize Money Disbursed 6.04 Cr
Total Amount Collected (in Crores) 43.76 Cr
Total Leads 110442
ÁòDzĺʇ¼Ä·¶ʇ´À¾ KYC Approved Customers 21396
ÁòDzĺϟ¼Ä·¶ʇ´À¾
Chit Subscriptions 7615

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