India and UK to Sign Agreement Boosting Infrastructure Funding
India and the United Kingdom are set to sign an agreement to increase London-based capital funds into India's growing infrastructure sector. The UK-India Infrastructure Financing Bridge will focus on national highways, railways, and renewable energy projects. India aims for $5-10 billion inflows initially to establish a financing model for investors. Investment arrangements for selected projects will provide a template for replication. With India requiring nearly $2 trillion in infrastructure investment by 2030, partnerships with global financial hubs like London are prioritized, as sustained government funding is unsustainable. An initial pact for the Financing Bridge was signed between the City of London Corporation and Niti Aayog last September to tap into London-managed assets for Indian projects.
📅Published on:
30 January 2024
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