1. Global Structured Finance Division 14 February 2008 Japan-India Public Private Partnership Forum 2008 “Finance Mechanism for the Infrastructure Development in India”

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3. -3- Obstacles for Offshore Banks into Indian Market Regulation :  Single Lending Limit  Foreign Currency Lending Restriction Commercial :  Rupee Funding  Competition between Domestic Banks Lending Difficulty !!

4. -4- Infrastructure Project Nature  Life Line  Domestic Currency oriented  Stable Cashflow  PPP, PFI Power Sector: Generation, Transmission, Distribution Telecommunication Sector: Cellar phone, Cable TV Energy: Refinery, Pipeline Transportation: Port, Airport, Road, Railroad, Logistics City Infrastructure: Water Supply & Sewerage, Real Estate, Hotel Social Infrastructure: Hospital, School, Tourism

5. -5- Break through for Offshore Banks into Infrastructure Market in India Infrastructure Fund Infrastructure Projects IDFCMizuho Local Knowledge Industrial Knowledge Regulatory, Account Knowledge Intelligence of Market Huge Customer Base Project Finance Knowledge Industrial Knowledge Investment (USD)

6. -6- Offshore USD Investment through Mauritius Entity Overseas Investors Mauritius Entity Indian Entity Asset Manager Project Structure of IDFC Private Equity Fund Onshore Project Infra Project in India DomesticInvestors IDFC public limited liability company

7. -7- Mizuho’s Infrastructure PE Fund Investment Record