The funding sources are in addition to traditional long-duration funds that govt has been eyeing from Canada, Australia and other parts of the world.
While there are concerns around investor protection and certainty of investment, govt is seeking to address some of them through existing mechanisms, the sources said. Besides, some of the investors from the UK had raised environmental issues, including in road projects, which were addressed by the National Highways Authority of India (NHAI) as ESG is part of the mandate for most assignments. Govt is looking to channelise resources from multiple sources to ensure that infrastructure construction takes place in full swing as it is seen to be crucial for economic growth.
A bulk of the resources are flowing into transport – highways and railways – with even the public spending of Rs 11,11,111 crore focused on these two crucial sectors. Green energy is another thrust for govt although there is significant private investment too that is flowing into the sector. Even in the Budget, FM Nirmala Sitharaman is expected to prioritise infrastructure investment as it is seen to help generate demand for steel, cement and other inputs while creating jobs.
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