Very recently the Government of India allowed FIIs to invest additional $5 billion in bonds issued by companies engaged in infrastructure sector.
Shifting its focus from US and other European nations, Canada one of the largest infrastructure investment nations has assured India that it will invest $3 billion in highways projects in the next five years in Road Transport and Highways.
Apart from Canada a lot of other countries are also showing interest in investing in India especially after the move where India raised cap on foreign institutional investor’s investment by $5 billion in government and corporate sectors.
The country needs about $70 billion for building roads in the next four years and about 40$ billion requirement would be met from the private sector, of which $10 billion is likely to come from foreign funds.
The good news is that the government plans to build 35,000 km of highways by March 2014.
Source:Rediff
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