Reserve Bank of India's projection of a 20 per cent growth. In an interview to NewsWire18 today, ICICI Bank Joint Managing Director Chanda Kochhar said the bank with its project finance background is best poised to take advantage of the corporate financial needs.
Companies are expected to make project investments close to $700 billion in the next three years, Kochhar said that ICICI Bank has tied up with global and local banks to provide loan syndication where needed, and is also taking direct credit exposures.
Oil refiners, cement companies, power generating companies, aluminium and steel makers are among those that have lined up big projects in the next two-three years to boost their capacities.
According to Kochhar, once these projects come on stream, most of the supply issues hurting inflation could be addressed.
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