The lack of world-class infrastructure is a serious impediment to India’s growth. Internationalising India’s infrastructure development effort can bring in the required capital and technology. The government and private sector companies are making attempts but challenges remain.
How can India attract the $1 trillion required to build its infrastructure? What are the best instruments to invite foreign capital as debt or equity? How can India develop long-term relationships with countries like Japan, China and US to develop a platform for infrastructure collaboration? What is the role of foreign policy in improving India’s infrastructure? How can India collaborate with other countries to develop cross-border infrastructure? This discussion will focus on the financial and geopolitical dimensions of attracting capital to India for building infrastructure.
On November 5, Gateway House held a discussion on the topic Internationalisation of India’s Infrastructure. The discussion panel comprised of Raja Parthasarathy and Shiva Rajaraman and was moderated by Luis Miranda.
Raja Parthasarathy
Managing Director & Co-Head India, Morgan Stanley Infrastructure
- Mr. Raja Parthasarathy serves as Managing Director and Co-Head India, Morgan Stanley Infrastructure.
- Mr. Parthasarathy served as Senior Partner, Partner and Managing Director at IDFC Private Equity. He was at IDFC Private Equity since 2007.
- He served as Executive Vice President of Finance at Jet Airways (India) Ltd. since June 2005. Mr. Parthasarathy joined Jet Airways from UBS Investment Bank where he was Executive Director.
- He previously worked with Goldman Sachs and with Lehman Brothers.
- Mr. Parthasarathy also completed two years of Ph.D. coursework in Economics at Duke University. He holds an M.B.A. from INSEAD, an M.A. in Economics from Tufts University, and a B.A. in Economics from Hamilton College.
Shiva Rajaraman
National Head – Strategic Initiatives & Structured Products and Chief Executive – L&T Infra Debt Fund Limited
- Mr. Shiva Rajaraman leads the conceptualisation, evaluation, planning and development of feasible/profitable strategic initiatives of L&T Infra Finance targeted at achieving accelerated Balance Sheet growth, increasing presence and enhancing risk-adjusted return.
- In the last 18 years, he has worked in niche roles in Infrastructure Finance, Infrastructure Advisory and Equity and has contributed to and led the evaluation, advisory, structuring and financing for infrastructure projects through debt, equity and mezzanine finance.
- Previously at L&T Infra Finance, he has headed functions including Risk & Asset Management and earlier Project Finance for South Zone.
- Shiva was with IDFC for 10 years, prior to which he was with the Equity Group of Dresdner Kleinwort Benson (now Commerzbank), which he joined on completion of his MBA.
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