The India International Exchange (India INX) is India's first international stock exchange, opened in January 2017.
"India gives the highest priority for infrastructure development. Our economy is the fastest growing in the world. NHAI is a flagship organisation, with AAA rating and we have many big projects to offer," Gadkari said at the London Stock Exchange market opening ceremony.
The National Highways Authority of India (NHAI) is looking to sell 50 billion rupees ($775 million) worth of the offshore rupee-denominated bond in order to build expressways, economic corridors, bridges and tunnels.
India's ECL Finance raised Rs 5.02 billion from its masala bond, which has a tenor of three years and two months, said the Singapore Exchange today.
Adani Transmission is the private sector transmission company in India with over 5,000 circuit km lines in operation and around 1,900 circuit km lines under development.
The Rs 3,000-crore issue of unsecured rupee-denominated bonds bears a fixed semi-annual coupon of 7.875 percent per annum and has a tenor of 3 years and 1 month, HDFC said in a statement.
International financial institution IFC has issued a USD 30-million, 15-year rupee-denominated "masala" bond, proceeds of which it will use towards development of private sector enterprise in India.
Speaking to CNBC-TV18, Michael Syn, President of SGX said that 80 percent of India‘s offshore bonds are listed in Singapore and he is looking forward to the upcoming masala bond listing.
The global rupee bonds would be used to refinance costly loans or raise capital for new projects with little currency risk. Indian companies had previously issued bonds abroad, but these were in dollars and other currency.