India explores ideas to fund infrastructure |
The Indian government is working on innovative ways of financing infrastructure projects to ensure that India moves into a trajectory of non-inflationary growth. Finance Minister Arun Jaitely will present his first full Budget end February. He said recently that the government would soon come out with several new structures to fund projects. Responding to a question from Reliance Industries chairman Mukesh Ambani on how the government plans to finance infrastructure projects, Jaitley said that the government will, in addition to increasing public funding, also put in place a mechanism to convert domestic savings into long-term project finance.
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