Financial Daily from THE HINDU group of publications
Friday, Dec 23, 2005


Group Sites

Money & Banking - Financial Services
Logistics - Airlines

Srei Cap to offer advisory services to aviation sector — Ties up with Australian co

Mohan Padmanabhan

Kolkata , Dec. 22

SREI Capital Markets Ltd (SCML), a wholly-owned subsidiary of Srei Infrastructure Finance Ltd, has signed an agreement with the Australia-headquartered Centre for Asia Pacific Aviation Pty Ltd (CAPA) for extending advisory services to the Indian aviation sector.

The MoU was signed on SCML's behalf by Mr Ashok Pareek, CEO of the Indian company, and for CAPA by Mr Kapil Kaul, CEO, Indian Sub-Continent and Middle-East.

Mr Hemant Kanoria, Vice-Chairman and Managing Director of Srei Infrastructure Finance, told Business Line that both Srei Capital and CAPA would jointly pitch for consultancy projects pertaining to airport- and airline-related services.

Pointing out that the agreement formally marked the entry of Srei Infrastructure and its group companies into aviation related services, Mr Kanoria said both companies would complement each other's skills and expertise to provide infrastructure advisory services to the Indian aviation sector.

While not in a position to quantify the exact size of the business, he said the figure could be substantial, considering the recent Open Skies agreement with the US and general opening up of the aviation sector starting with privatisation of airport construction.

He said SCML will render expertise in the areas of financial engineering, transaction structuring and re-structuring, privatisation, investment analysis and risk management, raising of resources through floatation in the domestic and/or overseas and arrange for debt and equity funding.

CAPA, Mr Kanoria clarified, will come in with consultancy in the areas of airline start-up planning and management, airport marketing and development strategies, passenger and freight traffic forecasting, route analysis, tourism development policy strategies, government policy and regulatory analysis.

On the special significance of the agreement, he said it was the first of its kind in India between a merchant banker (SCML) operating in the Indian private sector and an Australian specialist in aviation consulting with global operations. While servicing the clients for airline services, we will draw on CAPA's international experience, he pointed out.

He said the SCML-CAPA combine will provide end-to-end solutions to clients mainly in airlines start-up, transaction structuring, raising of resources and related advisory services.

According to him, the aviation industry was now emerging as a key sector in the growth dynamics of the Indian economy, and "the low-cost airline concept is re-defining transportation and logistics services".

More Stories on : Financial Services | Airlines

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Srei Cap to offer advisory services to aviation sector — Ties up with Australian co

Rupee volatile; gilts lacklustre
Mastek `Elixir' for insurers
Real estate exposure risk for HFCs raised to 125 pc — Cos with large exposures have to rework strategy
Third party motor claims: CJ shares concern with insurers
Insurance wage hike gets Finance Ministry's nod
Federal Bank to vend HSBC MF products
ICICI Bank opens branch at Dubai financial centre
Canara Bank is Basel-II ready
StanChart acquires Rs 1,300-cr NPAs from ICICI Bank
Indian holdings in US treasuries down at $14 b
IDFC plans to buy 19.4 pc stake in Feedback Ventures
Profit-making banks' donations capped at 1 pc of previous net
SBH's new General Manager

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line