NHAI kickstarts process to form InvIT to tap investment in highways sector
The National Highways Authority of India (NHAI) has kick-started the process of setting up the stment in the highways sector by setting up a company that will act as an investment manager to the proposed InvIT.
The authority on Thursday said it has formed a panel to select an Investment Manager to initiate the InvIT process. The idea is to set up a competent entity of experts that can professionally run the infrastructure Trust to mobilise resources from the market for monetising completed highway projects of NHAI.
As part of the structure, a new company is being set up to act as the Investment Manager to the proposed InvIT, a collective investment scheme through which individuals and institutional investors can directly invest in infrastructure projects.
