Investment mandate

 

SMIT targets investments in a broad range of infrastructure sectors in India, with a preference for assets that:

  • Provide essential services to the community;
  • Benefit from regulated or substantially contracted revenue arrangements;
  • Have limited exposure to commodity-like or competitive pricing pressure;
  • Experience relatively inelastic demand from users;
  • Benefit from barriers to entry, including:
    • limitations on the construction of alternatives due to space;
    • planning or other restrictions; or
    • requirement for significant capital expenditure to develop a competing business platform;
  • Have a long economic life; and
  • Generate sustainable and predictable cash flows in the long term.

Target sectors are Roads, Power, Telecommunication Towers, Ports, Airports, Renewables and like assets.