Union Minister Nitin Gadkari on Friday suggested to major highway builders and private companies to look into the option of floating an infrastructure finance fund or non-banking financial company to fund road projects.
Replying to a query at a virtual event organised by industry body Assocham, Gadkari also said only big contractors who are financially strong and have good relations with banks are getting funds.
“Why don’t you find an alternative? Each of you should put ₹100 crore… to form an infrastructure finance company. I will ask NHAI to put equity and then you tie up with a foreign fund.
