Cabinet approves FDI proposal of Rs 15K cr in Anchorage Infrastructure
The Cabinet Committee on Economic Affairs on Wednesday approved the FDI proposal for an investment of up to Rs 15,000 crore in Anchorage Infrastructure Investment Holding Ltd, an India investment holding incorporated specifically for the purpose of investment in infrastructure and the construction-development sectors.
The FDI will also be used for investments to be made in transport and logistics sectors along with downstream investment in the airport sector and aviation related businesses and services.
The investment also includes transfer of share of Bangalore International airport Limited to Anchorage, and investment of Rs 950 crore in Anchorage Infrastructure Investment Holding Ltd by 2726247 Ontariao Inc, a wholly-owned subsidiary of OAC which is the administrator of OMERS’, one of Canada’s largest defined benefit pension plans.
