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.

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern