New Delhi, Sept 04: India's first infrastructure equipment bank Quipo, part of Rs the 1600 crore SREI group, today said the company will invest about Rs 200 crore in the next two years and the land provided by Rajasthan government in Neemrana will be a major hub for the northern region. "We plan to invest about Rs 200 crore in the coming two years as the infrastructure development activities in the country are growing very fast and the demand for equipment would automatically see a surge in demand," Sunil Kanoria, chairman and managing director, Quipo, told a news agency here.

Quipo, with 48 per cent foreign holding, including by World Bank's private investment arm International Finance Corporation and Netherlands government, would generate capital through internal borrowing, Kanoria said. Lauding Rajasthan government, he said it showed high level of professionalism and cleared the project very fast. The state government has also provided three acre land close to Delhi in Neemrana at concessional price of Rs 39 lakh. Neemrana will now be our major hub for the northern region where construction activities and infrastructure projects are coming up very fast, he said adding "Rajasthan has given us sales tax benefits for the next six years besides lifting entry tax on our equipment."

Bureau Report