Keen to scale up investments in infrastructure, Prime Minister Naren-dra Modi on Tuesday said rupee bonds will be launched in countries like Singapore to fund infrastructure projects in India.
Keen to scale up investments in infrastructure, Prime Minister Naren-dra Modi on Tuesday said rupee bonds will be launched in countries like Singapore to fund infrastructure projects in India.
Speaking at the India-Singapore Economic Convention, Mr Modi said reforms in India are happening in a big way and will transform the systems so that they perform.
“We are keen to scale up investments in next generation infrastructure including digital networks and clean energy,-" he said. “In addition to the core infrastructure, we are keen to invest in our social, industrial and agri-infrastructure to give better income and quality of life to our people.”
He said a National Investment and Infrastr-ucture Fund is being set up to leverage this, while tax-free infrastructure bonds will be issued soon for securing long term finance.
