Equicap Asia Participation in India-Croatia Business Forum

Date: 25th-27th March 2019, Croatia

Equicap Asia is pleased to announce that our Associate Director Mr. Sunil Dayal accompanied the Hon’ble President of India Shri Ram Nath Kovind as a part of the High-Level VVIP business delegation to Croatia from 25th to 27th March’ 19.

The business delegation met the Hon’ble President of Croatia Ms. Kolinda Gabar Kitarovic and several high-ranking officials of Croatian Government. The occasion witnessed the signing of several bilateral MoUs between the Republic of Croatia and the Republic of India. The delegation explored opportunities & engagements across various economic sectors and participated in the Croatia-India Business Forum. The business interaction between the two countries focused on several sectors including renewable energy with a focus on solar photovoltaic, wind energy, geothermal, agro & food processing, logistics and transportation, biotechnology, railways etc.

The President and Managing Director of Croatian Chambers of Economy interacted with the business delegation. The highlight of this business delegation was the B2B interactions with the Croatian companies, Government officials, investment promotion agencies and the business forum to get an insight into the Croatian business climate, government policies, incentives, and other relevant information relating to doing business both in Croatia and the Indian sub-continent.

Speaking at the occasion to the Croatian media about Equicap Asia’s participation, Mr. Dayal remarked about the project development model being undertaken by InfraCo Asia in South Asia, by shouldering the high-risk development capital. Equicap Asia is an exclusively mandated developer for Infraco Asia Development Pte in South Asia region for its infrastructure projects. Infraco Asia is a facility of the Private Infrastructure Development Group (PIDG). PIDG is represented by governments of UK, Sweden, Switzerland, Netherlands, Germany, Australia and IFC.

Mr Dayal also said,“Croatian investors and organizations have shown strong interest to explore possibilities of joint-venture in the areas of Infrastructure including in renewable energy. Such discussions facilitate deployment and proliferation of renewable energy, both in Croatia and the Indian sub-continent. Considering that Croatia will soon assume the Presidency of the European Union council, we foresee that such partnerships will open gateways to significant markets for Croatia and other EU members in South Asia.”

Equicap Asia have a proven track record in origination, development, financing, acquisition and divestment of infrastructure assets and present in Bangladesh, India, Nepal, Pakistan and Singapore. Also,have successfully developed and implemented sustainable and commercially viable infrastructure projects across different targeted sectors of development and investment like Energy infrastructure, Renewables, Thermal Power, Agricultural Infrastructure, Water Sanitation and Waste Management, Storage and Logistics, Transportation, and Oil Gas Infrastructure.