Kolkata-based Srei Infrastructure has signed an MoU to initiate preliminary discussions for acquiring Essel Mutual Fund. In an interview, Hemant Kanoria, Chairman, Srei Infrastructure Finance, tells Ishita Ayan Dutt and Namrata Acharya, that Srei has already got a mutual fund arm, with an approval for a debt fund. However, since there were not enough investors for the debt fund, the product was not launched. Srei is now exploring to revive the mutual fund business through anh acquisition. Edited excerpts:
Q. What is your outlook for the infrastructure sector post-elections?
Our outlook for the infrastructure industry continues to remain positive. The manifestos of BJP and Congress have given sufficient thrust to infrastructure. The BJP manifesto outlays an investment of Rs 100 trillion in the infrastructure sector by 2024.
