Cos should float their own NBFCs to fund road construction related projects: Gadkari
Union Road Transport and Highways Minister Nitin Gadkari on Tuesday said infrastructure companies should also float their own non-banking financial companies (NBFCs) to fund road construction related projects.
Gadkari further said the National Highways Authority of India (NHAI) should also have a financial arm like the Power Ministry’s Power Finance Corporation (PFC) or the Railways Ministry’s Indian Railways Finance Corporation (IRFC).
