Log In

Company : Infrastructure Development Finance Company Limited 
Monday, November 15, 2010 6:14PM IST (12:44PM GMT)
IDFC Foundation Makes its Second Investment of Equity of Rs.2.25 crore in Pipal Tree Ventures Pvt. Ltd
Mumbai, Maharashtra, India

IDFC Foundation has made an investment of Rs. 2.25 crore in Pipal Tree Venture Pvt. Ltd. (PTVPL), a for-profit company engaged in providing vocational training for skills required in the construction industry to unemployed youth from rural areas.

IDFC Foundation, the development arm of IDFC, invests with the objective "to promote the inclusive and sustainable delivery of infrastructure services in India", in line with its overall mission of nation building. This is its second investment.

Speaking on the occasion, Anupam Srivastava, Group Director - CSR, IDFC, said, "We are very pleased to partner with Pipal Tree Ventures in its social mission to skill unemployed rural youth to meet the huge shortfall in availability of semi-skilled workers in the infrastructure & construction sector. For us, this investment represents a perfect example of CSR, as we are enabling inclusive growth while at the same time meeting a critical need of our clients in the infrastructure sector."

India's construction sector is estimated to require as many as 33 million additional skilled workers over the next 10 years. With the backing and support of IDFC Foundation, PTVPL aims to train 100,000 rural youth from India's most backward regions over the next 5 years and place them with construction companies. As one of the pioneers in the field, PTVPL hopes, with IDFC's help, to catalyze the setting up of industry-wide standards for quality execution and productivity in the construction sector, thus benefiting labour through enhanced job mobility.

About IDFC Ltd.

Infrastructure Development Finance Company Limited (IDFC) is India's premier financial services institution focused on infrastructure. It was set up in 1997 by the Government of India as a financier and catalyst for private sector's involvement in infrastructure development in India. For over 12 years, since the company's initial public offering in 2005, IDFC has evolved into a 'one stop shop' for infrastructure finance in India, meeting the complex and ambitious requirements of an expanding client base.

IDFC's strategy involves all parts of the value chain of infrastructure, providing a differentiated value proposition to its clients. IDFC's domain expertise in infrastructure combined with product breadth - project financing, investment banking and asset management enables it to provide creative solutions to its clients. IDFC has strong relationships with the private sector and government enabling it to provide objective advice and facilitate public-private partnerships in infrastructure. IDFC Foundation, it's not for-profit development arm, helps train government officials on public-private partnerships, provides advice on infrastructure policy and governance issues and on sustainable infrastructure development strategies.

For News Release background on Infrastructure Development Finance Company Limited click here
Media Contact Details
Venkatraman K.V, Infrastructure Development Finance Company Limited, +91 9004040575, venkatraman.kv@idfc.com
Etienne Marques, REPUTE Public Affairs & CSR Solutions, +91 9920243354, etienne.m@reputesolutions.com
Submit your press release
More News from Infrastructure Development Finance Company Limited

27/07/2011 8:15PM

Growth of 43% (YoY) in Net Interest Income and Balance Sheet Crosses 50,000 crore

Highlights of Q1 FY 2012 - Net Interest income of ` 483 crore : an increase of 43% - Balance sheet size as on June 30, 2011 - ` 50,221 crore : an increase of 30% - Profit After Tax of ` 314 crore for Q1 FY 2012 ...

20/07/2011 8:30PM

IDFC Announces the Appointment of Girish Nadkarni as ‘Partner' at its Private Equity Business

IDFC has appointed Girish Nadkarni as ‘Partner' at IDFC Private Equity business today. A seasoned finance and business professional Girish brings to the table two decades' of experience in diverse fields like ...

16/06/2011 7:46PM

IDFC Announces Strategic Partnership with AFC

The Africa Finance Corporation (AFC) today formalised a strategic partnership with the Infrastructure Development Finance Company Limited (IDFC), through the signing of a Memorandum of Understanding (MoU) between the ...

Similar News

22/09/2017 7:30PM

Wells Fargo and Habitat for Humanity India Build New Homes for the Flood Affected Families in Kancheepuram, Tamil Nadu

Wells Fargo and Habitat for Humanity (HFH), India announced today that they have collaborated to build homes for families impacted in the 2015 Tamil Nadu floods. Several families had lost their homes in the devastating ...

No Image

22/09/2017 5:40PM

Bajaj Finserv Reduces Personal Loan Interest Rate to 11.99 percent

Personal loan aspirants have got more reasons to cheer ahead of this festival season as Bajaj Finserv announces reduced interest rate on personal loan at 11.99%. Bajaj Finserv, India’s most diversified financial ...