KfW IPEX-Bank finances infrastructure in India with USD 25 million to SREI Infrastructure Finance

Frankfurt/Main (ots) - KfW IPEX-Bank will provide a long-term loan
of USD 25 million to the Indian SREI Infrastructure Finance Ltd. The
corresponding agreements were signed today in Kolkata. SREI is the
market leader in India for infrastructure equipment leasing such as
construction site equipment, diggers and trucks. Among SREI's
customers are many small and medium-sized contractors and builders
but also large Indian construction companies.

Christian Murach, member of the Board of Managing Directors of KfW
IPEX-Bank and Hemant Kanoria, Vice Chairman and Managing Director of
SREI described the contract as the start of an intensive cooperation
for the financing of infrastructure investments in India.

Murach emphasized the importance attached by KfW IPEX-Bank to the
objective pursued by the Indian government to support the rapid
expansion of the country's infrastructure in order to better exploit
India's growth potential. "As a bank specialising in the financing
of complex transport and infrastructure investments KfW IPEX-Bank is
a natural partner in this field. As part of KfW Bankengruppe we have
been active in India for more than 40 years and can offer
comprehensive and specific know-how."

Murach underlined that the bank intends to substantially expand
its activities in India. "Within the next three years we want to
increase our portfolio with India to approximately USD 3 billion." He
announced that KfW IPEX-Bank will open up a representative office in
Mumbai for this purpose in the course of this year. Currently KfW
IPEX-Bank already maintains representative offices in New York,
London, Moscow, Ankara, Beijing, Bangkok, and Sao Paulo.

Hemant Kanoria said, "We are extremely glad to strengthen our
relationship further with KfW Bankengruppe, through our new
partnership with KfW IPEX-Bank, which is an expert in international
Project and Export Finance. Germany has also been our choicest
destination for creating our global subsidiary through which we have
expanded in Europe and propose to foray into other countries also."

About KfW IPEX-Bank

Within KfW Bankengruppe KfW IPEX-Bank provides project and
corporate finance and offers trade and export finance in Germany and
abroad. Worldwide it conducts all market activities of KfW
Bankengruppe that are done on commercial terms. It has been run as a
legally dependent bank within KfW Bankengruppe since January 1, 2004
and as of January 1, 2008, will be separated into a legally
independent subsidiary. In the year 2005 KfW IPEX-Bank made new
commitments for total of EUR 12.1 billion.

About SREI Infrastructure Finance Ltd.

SREI, the country's leading private sector infrastructure
equipment, infrastructure project and renewable energy financing
company commenced its operations in the year 1989. SREI is operating
across the country with a network of 37 branches and has also
expanded its operations overseas. SREI is the first Indian
Infrastructure Financing Company to be listed on the London Stock
Exchange (LSE). International Finance Corporation (IFC), Washington
(World Bank Group), DEG Germany (Financial Institution owned by the
Government of Germany), FMO the Netherlands, (Financial Institution
owned by the Government of Netherlands), BIO (Financial Institutions
owned by the Government of Belgium) and FINNFUND (Financial
Institution owned by the Government of Finland) are among the large
stakeholders in the company.

Originaltext: KfW
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For further information, please contact:

SREI Infrastructure Finance Ltd.
Probir Kumar Misra, Vice President - Phone: +91- 98302 61708 -
E-mail: probirmisra@srei.com

KfW IPEX-Bank
Dela Strumpf - Phone: Tel: +49 69 7431 2984 - E-mail:
dela.strumpf@kfw.de

KfW, Palmengartenstraße 5-9, 60325 Frankfurt
Abteilung Konzernkommunikation
Tel. 069 7431-4400, Fax: 069 7431-3266,
E-Mail: presse@kfw.de, Internet: www.kfw.de