NaBFID will set up the first data repository in India
ECONOMY & POLICY

NaBFID will set up the first data repository in India

The National Bank of Financing Infrastructure and Development (NaBFID) is planning to establish the UK's first data repository for the infrastructure sector. This initiative aims to enhance transparency and provide detailed information about new and ongoing infrastructure projects, thereby attracting private investment. Initially, data will be sourced from banks, non-banking financial companies (NBFCs), and infrastructure firms. Subsequently, information from other government entities such as the National Highways Authority of India (NHAI), PM Gatishakti, and other stakeholders will be integrated into the repository, pending regulatory approvals and support from various government departments.

Rajkiran Rai G, managing director, emphasised the need for such a repository, noting that while credit bureaus provide reliable data for retail and MSME loans, there is currently no comparable quality data available for the infrastructure sector. The repository aims to compile comprehensive data for all infrastructure projects, offering stakeholders visibility into project progress from inception to completion. This transparency is expected to bolster private investment by enabling investors to assess project stages and compare performance across different sub-sectors within infrastructure.

Moreover, the repository will aid lenders in predicting project stress indicators and complying with regulatory guidelines, such as the Reserve Bank of India's draft guidelines on infrastructure financing. Rai underscored NaBFID's broader role in fostering the infrastructure financing ecosystem, including developing new financial instruments, enhancing project assessment capabilities, and advocating for policy improvements.

The dedicated data repository is poised to inform effective policymaking by providing insights into sub-sector performances and supporting real-time predictive analysis, contingent on continued regulatory and governmental support.

The National Bank of Financing Infrastructure and Development (NaBFID) is planning to establish the UK's first data repository for the infrastructure sector. This initiative aims to enhance transparency and provide detailed information about new and ongoing infrastructure projects, thereby attracting private investment. Initially, data will be sourced from banks, non-banking financial companies (NBFCs), and infrastructure firms. Subsequently, information from other government entities such as the National Highways Authority of India (NHAI), PM Gatishakti, and other stakeholders will be integrated into the repository, pending regulatory approvals and support from various government departments. Rajkiran Rai G, managing director, emphasised the need for such a repository, noting that while credit bureaus provide reliable data for retail and MSME loans, there is currently no comparable quality data available for the infrastructure sector. The repository aims to compile comprehensive data for all infrastructure projects, offering stakeholders visibility into project progress from inception to completion. This transparency is expected to bolster private investment by enabling investors to assess project stages and compare performance across different sub-sectors within infrastructure. Moreover, the repository will aid lenders in predicting project stress indicators and complying with regulatory guidelines, such as the Reserve Bank of India's draft guidelines on infrastructure financing. Rai underscored NaBFID's broader role in fostering the infrastructure financing ecosystem, including developing new financial instruments, enhancing project assessment capabilities, and advocating for policy improvements. The dedicated data repository is poised to inform effective policymaking by providing insights into sub-sector performances and supporting real-time predictive analysis, contingent on continued regulatory and governmental support.

Next Story
Infrastructure Transport

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Next Story
Infrastructure Urban

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Next Story
Infrastructure Transport

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000