India to tie up with global patient funds for huge infra investment

Close on the heels of an agreement between UK-India Infrastructure Financing Bridge, the City of London Corporation and Niti Aayog, India is currently negotiating with Saudi Arabian and Australian authorities to seek active exposure of their sovereign wealth, pension and insurance funds to big ticket Indian infrastructure projects. In this connection, the Indian government is keen to address concerns among these potential large investors regarding the existing concession agreements in the country. India is in need of substantial investments in infrastructure and green transition in the coming years, and progress in domestic financing structures has been slow. Projects have to be structured properly and the government has to make investible and bankable projects which will attract patient private capital. The government has identified major infrastructure sectors for such investments, including renewable energy, large national highway projects and railway projects as well as projects in the ports and airports sectors.