CLEARER PATH AHEAD

摘要

Having set an ambitious target of mobilising US$1trn of infrastructure investment in 2012-17, India has been busy expanding its range of financing options in the last two years. Among measures already taken to strengthen infrastructure financing are the establishment of Infrastructure Debt Funds (IDFs), credit enhancements of corporate bonds for infra projects, deepening of the local bond market, expansion of debt limits of foreign investors to buy long-term infra bonds and changes in the archaic Land Acquisition Act. However, these have not yielded desired results.