The Centre has dropped a plan to bring public money into infrastructure development through government-sponsored road and highway sector Infrastructure Investment Trusts (InvITs), reported Livemint.
Ministry of Road Transport and Highways of India is now planning to bring retail investment for infrastructure development through non-government, private sector InvITs, for which the Centre is waiting for Sebi’s nod, reported Livemint quoting government officials.
InvITs are collective investment vehicles that allow direct investments from individual and institutional investors in infrastructure projects, and give them a small portion of the income in returns. Developers can monetise their assets through InvITs by pooling multiple infrastructure assets under a single entity (trust structure).
