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India hopes that more money will bridge the infrastructure gap but many believe that may not be enough
India hopes that more money will bridge the infrastructure gap but many believe that may not be enough
Prabhjote GillMar 17, 2021, 15:51 IST
Workers in action at the Avinashi road flyover construction project in Coimbatore, Tamil NaduBCCL
India is on the threshold of setting up a new national bank that will raise money to fund long-term infrastructure projects, which typically have high risk and low payout.
The bank plans to overcome the issues of funding projects by allowing pension funds, insurance funds, sovereign funds and foreign investors to provide capital.