Missing in action: Dearth of domestic infra finance in energy sector

The resources of state-owned entities are too puny for the enormous requirements, especially in renewable energy

As India logs into hitherto the largest-ever infrastructure build up, the array of government-run financial corporations are conspicuously low-key.

For decades, various government ministries have built up assorted financing companies. The Public Enterprises Survey of the Central government lists 27 of them with a total paid up capital of Rs 11.46 trillion. More than half of the sum is accounted for by Power Finance Corporation (PFC) and REC, of which PFC is a holding company, with Rs 6.05 trillion and another Rs 49,256 crore by India Infrastructure Finance Company Ltd. As the table shows, the rest are puny. 

Compared to