The National Highway Authority of India’s first infrastructure investment trust has raised more than Rs 5,000 crore, Union Minister Nitin Gadkari said on Wednesday.
Infrastructure Investment Trusts (InvITs) are instruments on the pattern of mutual funds, designed to pool money from investors and invest the amount in assets that will provide cash flows over a period of time.
“Under the National Monetisation Pipeline (NMP), which is based on ‘Creation through Monetisation’, the NHAI has launched its InvIT to monetise NH projects and has demonstrated a strong ability to attract a wide variety of sophisticated global investors.
