IIFCL to raise up to $1 billion through MIGA guarantee fund this quarter to foster infra sector: MD

India Infrastructure Finance Company Ltd plans to raise up to USD 1 billion. This will be done through the MIGA guarantee fund in the current quarter. The funds will support infrastructure development across India. This initiative aims to reduce the financial burden on the public exchequer. IIFCL is in advanced talks with global banks for this long-term debt.