Centre must step up investments in infrastructure: SEFL Vice Chairman Sunil Kanoria

SREI Equipment Finance Ltd (SEFL), which offers innovative financing solutions to equipment purchasers, recently received a funding of 10 million euro from Germany-based KfW IPEX-Bank. In an interview to ET, SEFL vice chairman Sunil Kanoria feels the Centre must step up investments in infrastructure as implementation of central projects will open up opportunities for private players. Edited excerpts:

Q: What are the funding challenges plaguing the equipment sector?
A: Post the IL&FS episode in 2018, access to new funding has been a major challenge for NBFCs in the infrastructure space. Banks and other sources of institutional finance have become immensely risk-averse towards such NBFCs. Equipment financing has suffered.