Key objectives of the consultative paper are to seek comments, views and suggestions from the public on the proposals pertaining to the framework for issuance of subordinate units by REITs and InvITs
1 min read11 Jan 2024Union road transport and highways minister Nitin Gadkari on Tuesday said total length of the national highways in the country increased by about 59% in the last nine years. As a result of this expansion, India now has the second largest road network, after the US.Addressing a press conference in New Delhi, Gadkari said: Total length of National Highways was 91,287 km in 2013-14, which increased to 1,45,240 km in 2022-23, which is a rise of more than 59% during this period.
1 Sep 2023Canada’s government has announced it will halt its work at the China-led Asian Infrastructure Investment Bank (AIIB). The dramatic move comes after allegations surfaced that the Chinese Communist Party interfered substantially in the organisation’s work. India’s voting power in the AIIB is second only to China’s and the country has been a key beneficiary of the bank's loans.
3 Jul 2023The investment trust aims to acquire a 100% shareholding in seven special purpose vehicles and a 74% shareholding in four SPVs
1 min read23 May 2023As national elections draw near, public spending has taken an upturn in India. The government is relying on an infrastructure build-up to multiply people’s incomes and support economic growth. Paced-up highway construction has been placed in the spotlight by the Centre’s aim to construct a record 45km of highways daily in 2023-24 on an average. This would add up to 16,000km during the year, exceeding the last high of 13,298km achieved in 2020-21 at a rate of 36.4km per day. Highway construction had slowed after that, with our daily rate dropping to 29km and 24km in 2021-22 and 2022-23, respectively. Let us explore whether India's infrastructure boom can propel economic growth.
11 May 2023The transport ministry monetises its assets under three modes--toll-operate-transfer (TOT) model, Infrastructure Investment Trust (InvIT), and project-based financing.
1 min read23 Apr 2023According to the company, it will not only reduce our emissions but also act as a prototype for expanding our presence in energy transition opportunities in the sector
1 min read5 Apr 2023In the second dispatch of the series 'Future of infrastructure investments', we deep dive into the practical functioning of InvIT (infrastructure investment trust) to understand what makes them the next big infra story. In a fireside chat with Harsh Shah, CEO, IndiGrid, we unravel key aspects such as: challenges in mobilizing institutional capital to the infrastructure space, how InvITs are becoming attractive asset class for retail investors, what makes transmission assets in particular attractive. The chat also dispels myths about the skill sets that investment managers who run InvITs bring to the table, do InvITs suffer from concentration risks and so on. Shah also opens up on the expansion plans of IndiGrid, on how they are building it out and the way forward. Watch the video for more.
22 Sep 2020The Survey calls for higher flow of private capital in the infrastructure space as the govt can only spend up to a certain limitAccording to the survey, India needs to spend 7-8% of its gross domestic product on infrastructure every year
2 min read5 Jul 2019Both the BSE capital goods index and the BSE India infrastructure index have underperformed the broad market as weak investment capex cycle hints at lower order inflows in the coming quarters
2 min read8 Jan 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared