They were not fit to lend to the infrastructure sector, but they were the only source of lending,” Jaishankar of IIFCL said. “Banks were not reckless in the past about lending to infrastructure companies. The infrastructure sector needs to look beyond banks as mode of financing, experts maintained. India should also look at investing in commonwealth countries, which will make doing business easier,” Gemmell said. “There is incredible opportunity to invest in infrastructure in India. For foreign direct investment (FDI) to come into the infrastructure sector, the country must also look at investing in commonwealth nations, said Alan Gemmell, chief executive, Commonwealth Enterprise and Investment Council. There are issues like need for faster dispute resolution, contract approvals,” said Yokoyama. If you see the funding requirement, what the private sector can do is limited. This loan's status is reported by the SBA as 'Paid in Full', which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. Public private partnership (PPP), which has been the mode of operation in the infrastructure sector in India, has taken off in the roads sector while majority of the risk is borne by the private sector and regulatory approvals are taking time, said BVJK Sharma, CEO, JSW Infrastructure. Fastlane Operating LLC in Tucson, AZ received a Paycheck Protection Loan of 63,000 through Zions Bank, A Division of, which was approved in April, 2020. The insolvency and bankruptcy code has set an example for corporates to follow and companies will be more prudent in making due diligence before bidding for projects, said PR Jaishankar, CEO of IIFCL. Womply PPP Fast Lane - Tax Documentation.
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