India Eyes $11B Fund to Finance Infrastructure Projects

To improve its road infrastructure and unclog ports, India's Planning Commission has proposed to set up a a $11 billion fund to finance infrastructure projects, says the Wall Street Journal.


Citing Commission Member B.K. Chaturvedi, the Journal says that a special company that will be owned by banks and insurance companies will raise the money through issuing bonds.


"The [Parekh] committee is working on how to get pension funds, insurance funds and how to get foreign investments in this [infrastructure fund]," Chaturvedi told the Journal.

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