MD & CEO’s Desk
Dr. Emandi Sankara Rao
Welcome to IFCI Ltd.
IFCI Ltd (the erstwhile Industrial Finance Corporation of India Ltd) was the first Development Finance Institution (DFI) set up in 1948 to develop the Industrial and Infrastructure needs of India and enable the growth of the economy. Over the last 70 years, we have created a glorious past! Though we have seen ups and downs in our business, but still we have been closely associated with the industry and have played a crucial role in the sustainable growth of the Indian economy.
Today, India is at a crucial juncture of growth and development in the world economy. With the relative stagnation in the West and the visible shift in the world economic order, the Indian economy is set to play a vital role in the world economic growth. The Indian economic environment is dynamic and it is continuously evolving and creating new financial markets. With robust macro-economic fundamentals and policies, the investment and consumption is expected to drive the growth engine in the coming years. In line with these, we at IFCI constantly endeavor to align ourselves to the thrust areas and policies of the Central and State Governments and requirements of the economy in times to come.
Infrastructure Services and Industry growth have been the key drivers for our economy and the Government had initiated policies that would ensure time-bound creation of world class infrastructure, manufacturing industry, and services in the country. There is special focus on digitalisation, green energy, roads, waterways, e-vehicles, smart cities and urban infrastructure development through various policy initiatives of the Government such as Make in India and Start up India, and also create a great potential for skill development and employment. With the above initiatives, India has become a destination for investment and is attracting significant FDI into industry, infrastructure and service sectors.
At IFCI Group, we completely understand the current economic environment & business needs of our clients and it is our endeavour to provide comprehensive financial products and services. We believe in forming long lasting mutually beneficial relationships and extend our talented human capital, rich experience of almost seven decades in the developmental finance role. We are uniquely positioned in the financial markets to fulfil these requirements by providing corporate & project loans, structured products, advisory services, venture capital and skill development services.
We, along with the active support of the Government of India, are looking forward to build robust partnership with all the stakeholders in enhancing our quality of services and continue to be partners of growth for our Indian Economy.