Patience is essential for infrastructure finance

It helps to keep a cool head when building large projects in a notoriously fickle environment.
Subbarao Amarthaluru, GMR Infrastructure
Subbarao Amarthaluru, GMR Infrastructure

Building infrastructure in India could present a trillion dollar opportunity during the next five years, says the government. But for anybody willing to invest in a fluid regulatory environment, it will likely cause a mammoth headache as well.

Bangalore-based GMR Infrastructure has built new airports at Delhi and Hyderabad, power plants, roads and urban infrastructure and is one of the fastest growing firms in the field. The man who helps the company negotiate this often bewildering and shifting landscape is Subbarao Amarthaluru, the group’s chief financial officer.

Subbarao, 51, is soft-spoken, reticent and a bit shy. But his quiet demeanour hides a tough customer. A chartered...

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