Real Estate and infrastructure sectors are in dire need of finance said Naina Lal Kidwai, senior advisor at Advent Private Equity. “ Infrastructure finance is an absolute disaster right now. I am afraid all financing into the sector has seized thanks to IL&FS and other areas. So, there is a big issue in terms of infrastructure at that level.”
“Real estate sector is in dire need of attention. Real estate sector requires NBFCs and banks to begin to open the tap in terms of lending to the sector. So that area clearly needs financing,” she added.
On Insolvency and Bankruptcy Code (IBC), Kidwai said, “I think the IBC has been a fantastic move which should have happened years ago. What we need is to make sure that the patient is not put on the operating table and then not given any oxygen to survive. If we can pick these companies before they get to that stage, then we save jobs, we save money which has gone into creating these assets.”