1.
Project Finance
ICICI provides project finance to industries for establishment cost, modernization
or expansion of manufacturing and processing activities. This assistance provided
in the form of the rupee and foreign loans, underwriting, subscription to shares
and debentures and guarantees to supply of equipment and foreign donors.
2. Leasing
The ICICI commenced its leasing operations in 1983. Leasing assistance is
provided for computerization, modernization/replacement, equipment
of energy conservation, export orientation, pollution control activities, etc.
3. Project Advisory Services
ICICI provides project advisory services to the Central and State Governments
and public sector and private sector companies. It provides advice to the
governments on policy reforms and on value chain analysis and to private sector
companies on strategic management.
4. Facilities for Non-resident Indians
ICICI gives information regarding facilities and incentives by the Government of
India to the non-resident Indians for judicious investing in India.
5. Provision of Foreign Currency Loans
The ICICI provides foreign currency loans and advances to enable Indian
Industrial concerns to secure essential capital goods from foreign countries.
6. Other Institutions Promoted
(a) ICICI promoted the Housing Development Finance Corporation (HDFC) to
make available long-term finance to individuals in middle and lower income
groups, co-operation, etc. Its primary objective was the construction and purchase
on ownership basis of residential houses all over the country.
(b) Credit Rating Information Services of India Ltd. (CRISIL) was also set up by
ICICI in association with Unit Trust of India (UTI) to provide credit rating
services to the corporate industries.
(c) ICICI promoted technology Development and Information Company of India
Ltd. (TDICI), to finance the transfer and Up gradation of technology and provide
technical information.
(d) Programme for the Advancement of Commercial Technology (PACT) set up
by ICICI with a grant of US $10 million provided by USAID (United States Aid)
to assist market-oriented R&D activity by Indian and US companies. ICICI has
been entrusted with the administrative activities and management activities of
PACT.
(e) Programme for Acceleration of Commercial Energy Research (PACER)
funded by USAID with a grant of US $ 20 million to provide assistance to
selected research and technology development proposals in the Indian energy
sector. PACER was also launched by ICICI.
