EDC Makes Its Largest Equity Investment In Indian Infrastructure Fund

EDC makes its largest equity investment in Indian infrastructure fund

OTTAWA, March 14 /CNW Telbec/ - Export Development Canada (EDC) is
investing USD 50 million, its largest single equity investment to date, in the
proposed USD 1 billion infrastructure fund in India to provide Canadian
companies with new opportunities to participate in major projects in the
booming Indian market. The fund will be managed by IDFC Project Equity Company
Limited.

    The IDFC-sponsored India Infrastructure Fund will invest in
infrastructure projects involving energy and utilities, transportation,
telecommunications and social infrastructure in India.

    "IDFC has a solid track record of project finance and private equity
experience in infrastructure in India, and is well positioned to become an
important partner for Canadian exporters in this priority market," said Eric
Siegel, President and CEO of EDC. "India's strong economic growth and
government initiatives to channel more private capital into all sectors are
expected to lead to massive infrastructure growth."

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http://www.newswire.ca/en/releases/archive/March2008/14/c3818.html