State-owned India Infrastructure Finance Corp Ltd (IIFCL) is in discussions with the government to include aircraft, commercial electric vehicles and space infrastructure in the Harmonised Master List (HML), a move that would enable greater funding for sustainable assets. The proposal aims to help IIFCL diversify beyond traditional sectors such as roads and power into innovation-led areas, including green mobility, sustainable aviation fuel, green steel and critical minerals.
Deputy Managing Director Palash Srivastava said these emerging sectors need initial support before becoming viable financing opportunities. He also called for a bigger role for states and urban local bodies in infrastructure financing, suggesting fiscal incentives and FRBM-friendly products to encourage their participation without straining balance sheets.
