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The European Bank for Reconstruction and Development (EBRD) is keen to work closely with Indian companies and assist them in their investments abroad, Riccardo Puliti, Managing Director, has said.
As a motor for change in central and eastern Europe and an expert on transition to the open market, EBRD is now well positioned to guide Indian companies' looking to invest in any of its 65 member countries.
"The main purpose of my visit here is to increase awareness about EBRD and highlight the investment opportunities with the EBRD for Indian companies looking to expand abroad or enter new markets in our member countries," Puliti told BusinessLine after an interactive session with SREI and Assocham in the capital on Monday.
Financial investments
EBRD is open to providing financial investments — debt, mezzanine and equity products — for projects in its member countries.
EBRD is also ready to share the extensive knowledge it had on its member countries and guide investors informally, Nandita Parshad, Director, EBRD, said.
As many as 65 countries have shareholding in EBRD, but India is not a shareholder of this bank.
Currently, EBRD has no operations within India. But as many as ten Indian companies had already availed themselves of EBRD's assistance for their overseas ventures.
As for India becoming a shareholder of this bank, Nandita Parshad said it was a "political decision" and entirely up to the Indian Government to take a call on this matter.
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