The National Highway Authority of India (NHAI) will set up an Infrastructure Investment Trust (InvIT) to facilitate investment in the highway sector.
With this move, the NHAI will be the first InvIT to be sponsored by any government or semi-government entity in the country.
Moreover, in order to select the best talent from the market for the appointment of two independent directors and one chairman for the Investment Manager Board, a search-cum-selection committee has been formed, said NHAI official.
