January 5, 2018
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Infrastructure finance reforms expand instruments and liberalise investment norms to attract long term capital for projects.
Government measures to mobilize long term capital for infrastructure emphasize innovative financing instruments (Infrastructure Debt Funds, Investment Trusts/REITs), an enabling municipal bond framework, relaxed External Commercial Borrowing norms, mainstreamed PPPs with take out finance and flexible loan structuring, relaxed institutional investor participation, liberalised Foreign Direct Investment under the automatic route for construction and development activities, and creation of the National Investment and Infrastructure Fund to attract domestic and international investment into commercially viable projects.