With India requiring massive investments in infrastructure and green transition in the coming years and domestic financing structures making slow headway, the Centre is set to make a renewed effort to tie up global patient funds for such projects.
Close on the heels of an agreement among UK-India Infrastructure Financing Bridge, the City of London Corporation and Niti Aayog signed on September 11, discussions are being held with Saudi Arabian and Australian authorities to seek active exposure of their sovereign wealth, pension and insurance funds to Indian projects, an official source said. Concerns among such potential large investors about the Indian concession agreements would be addressed, he said.
