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Funds may put $25 billion a year in India infrastructure, says Ambit

Funds appreciate the better regulatory framework, growth in India and commitment to the climate change requirement for the net-zero carbon policy, Rahul Mody, managing director and co-head of investment banking at Ambit, said in a Bloomberg Television interview on Friday.

November 25, 2022 / 01:16 PM IST
Construction work of a flyover along the River Ganges in seen in Patna, Bihar, India on February 25, 2021. Photographer - Anindito Mukherjee/Bloomberg

Construction work of a flyover along the River Ganges in seen in Patna, Bihar, India on February 25, 2021. Photographer - Anindito Mukherjee/Bloomberg

Global pension and sovereign wealth funds could invest around $25 billion a year in Indian infrastructure, according to investment bank Ambit Capital.

Funds appreciate the better regulatory framework, growth in India and commitment to the climate change requirement for the net-zero carbon policy, Rahul Mody, managing director and co-head of investment banking at Ambit, said in a Bloomberg Television interview on Friday.

“Domestic investors, institutional investors and high net worth individuals and family offices will continue to invest, but I would say a majority of these investments will come from global funds,” he added.

Mody cited investment infrastructure trusts, known as InvITs, as a type of vehicle that has attracted global funds. Initiated by the government several years ago, InVITs offer tax incentives and concessions as well as a governance and capital structure that is robust, and restricts leverage, he said.