Nitin Gadkari announced that retail investors can participate in infrastructure development by investing in infrastructure-investment trusts>infrastructure investment trusts (Invits)
New Delhi, December 8: At a conference in Delhi, Union Road Transport and Highways Minister Nitin Gadkari announced on Thursday that retail investors can participate in infrastructure development by investing in infrastructure-investment trusts>infrastructure investment trusts (Invits), which include 26 expressways, multimodal logistics parks, a funicular railway in Ladakh, 35 multimodal logistic parks, 670 wayside services, 28 emergency landing areas, and 260 ropeway and cable The Minister advocated for the construction of indigenous, affordable buildings that do not compromise on quality.Gadkari said that we must improve quality and reduce cost, while emphasising that ethics, ecology, and the environment should not be compromised.In recent weeks, we launched Invits on the stock exchange, and a program to produce bio-bitumen is underway using rice straw to substitute imported bitumen used for building roads.Our bonds were oversubscribed in only seven hours.
There is no shortage of funds.There is a strong political will.We're offering eight percent returns.Retail investors are responding well, said Minister, who is receptive to help from business leaders, particularly bankers.His plan is to raise funds from the capital market every 15 days, focusing on two-three projects so that the middle class, including senior citizens, can invest in nation-building and earn healthy returns. The Minister said that the surety bonds would help increase liquidity in the infrastructure sector by freeing contractors working capital that is stuck in bank guarantees.Developers of highway projects were having problems obtaining bank guarantees for their projects.The economy depends on robust infrastructure.The Government of India has established the PM GatiShakti to promote integrated infrastructure development, he said, inviting developers to participate in the construction of infrastructure and ensuring them that they will receive all regulatory clearances on schedule.