Two big Canadian pension funds invested a total of C$595 million ($438.3 million) in India’s National Highways Infra Trust (NHIT) this week, dialling up their bets on the poll-bound South Asian country’s booming infrastructure sector.
In the trust backed by the Indian government for developing national highways, the Canada Pension Plan Investment Board and the Ontario Teachers’ Pension Plan Board invested C$297 million and C$298 million, respectively, the funds said in separate statements on Tuesday and Wednesday.
