$11bn Infrastructure Fund Planned for India

By admin • May 17th, 2010

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The Bloomberg Business Week reports of large infrastructure funds planned for India.

India is planning to improve its growth rates to 10% by raising funds for an $11bn infrastructure fund.

The fund will help to build roads, ports and bridges needed to drive economic growth. The Government is expected to raise funds by taping the pensions and insurance sectors as well as other overseas funds. IIFCL, the Government owned infrastructure company, is also expected to raise money for long-term development.

Read the rest of the story at Bloomberg Business Week: $11bn Infrastructure Fund Planned for India

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