The stage is set for an infrastructure revolution. The Finance Ministry has finalized the structure for infra debt funds. Market regulator SEBI too is now on board and has agreed to amend mutual fund norms and allow registered mutual funds to set up IDFs. R Gopalan - the Economic Affairs Secretary spoke to CNBC-TV18 on the infra debt fund.
Below is a verbatim transcript of his interview. For complete details watch the accompanying video. Q: How much do you expect to raise?A: This has been a commitment made by the Finance Minister in his budget about setting up an infrastructure debt fund. We have come out with guidelines today on how those funds can be structured. Either it can be structured as a trust or as a company. As a trust it will go through the unit
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