Investing in Indian Infrastructure and Infra Investment Trusts (InvITs) - Panel Discussion

APREA has established a dominant presence in the real estate industry through its work with governments to facilitate robust investment ground rules and tax systems that actively encourage deep and liquid capital markets, including “state of the art” REIT rules in all Asian countries. APREA’s member companies have an estimated US$1 trillion of assets under management.

In addition, APREA helps members connect to exciting business opportunities, and delivers investor interface, market intelligence, learning and networking services. Historically, foreign investors’ outlook towards Indian infrastructure has been skeptical, because of various policy and implementation issues. That said, over the last couple of years, infrastructure has received record-setting PE investments, contributing to almost 25%-30% of the overall PE inflow to the country. While there are various reasons for this sudden spurt in investments, a few underlying building blocks are clearly identifiable – improved transparency, adoption of stronger governance systems by infrastructure developers, creation of a tax optimal and professionally managed InvIT (Infrastructure Investment Trusts) platform for offshore investments into yielding assets, and increased regulatory oversight on the sector overall. Gas-distribution, roads, renewables, transmissions, airports, digital infrastructure – the opportunities for placing big ticket bets are plenty.

APREA has been instrumental in introduction of the Indian REIT regulations and has also been driving policy changes for Indian InvITs. Join us for this series of closed door interactive masterclasses to analyse the commercial, legal and regulatory challenges around InvITs and the infrastructure sector in general.

30 June 2020
8:30 am (London)	1:00 pm (India)	3:30 pm (Singapore)	4:30 pm (Tokyo)	5:30 pm (Sydney)

 

Program – Panel Session
Date: Tuesday, 30 June 2020  Time: 8:30am (London); 1:00pm (India); 3:30pm (Singapore/Beijing); 4:30pm (Tokyo); 5:30pm (Sydney)
1:00 – 1:05 pm (IST)	Welcome Speeches Sigrid Zialcita, CEO, APREA Matthew Fletcher, Director Investor Outreach, EPRA
1:05 – 2:05 pm (IST)	Panel Discussion with Q&A Moderator: Mr. Ruchir Sinha, Co-Head, Private Equity and M&A, Nishith Desai Associates Panellists: Mr. Milind Joshi, Partner, Global Infrastructure Partners India LLP Mr. Harsh Shah, CEO, Indigrid Mr. Anish Sanghvi, Partner, Tax & Regulatory Services, PwC Mr. Sanjeev Aggarwal, Founder, Managing Director & CEO, Amplus Energy Solutions (Petronas group company) Mr. Saurabh Agarwal, Managing Director, Infrastructure, South Asia, CDPQ India, a subsidiary of Caisse de dépôt et placement du Québec (CDPQ) Dr. Manfred Kupka, Managing Partner, BRICS Real Estate Advisors Topic: Infrastructure Sector – Regulatory and Commercial Considerations for India covering: Foreign sponsored Infrastructure investment platforms – structures and case studies Fund-raising avenues - Debt and Equity  Core investor concerns while investing into infrastructure  Overall risk-return profile – key risk factors and approach to commercial underwriting  Stabilized assets vs. under-construction projects – growth models Key areas of focus rationale – conventional assets (roads, renewables etc.) and digital infrastructure  Policy issues around licenses, power-purchase agreements and pricing, government funding etc.  Sustainability, Green Infrastructure, ESG Considerations – Responsible Infrastructure Investment Structuring pass through claims  Tax issues in infrastructure investments Business case for InvITs
2:05 pm (IST)	Closing Remarks

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