Tuesday, April 13, 2021
Home Latest Stories NHAI to set up InvIT for investment in highway sector

NHAI to set up InvIT for investment in highway sector

The National Highways Authority of India (NHAI) will set up an Infrastructure Investment Trust (InvIT) to facilitate investment in the highway sector. In order to select the best talent from the market for the appointment of two independent Directors and one Chairman for the Investment Manager Board, a search-cum-selection committee has been formed. 

As NHAI InvIT will be the first InvIT to be sponsored by any government or semi-government entity in the country, it is important to have a professional management structure for the investment manager. As part of the structure, a new company is being set up to act as the Investment Manager to the proposed InvIT.

NHAI Chairman Dr Sukhbir Singh Sandhu is the convenor of the committee and other members include Chairman of Housing Development Finance Corporation Deepak Parekh; ICICI Bank Chairman Girish Chandra Chaturvedi, and Ministry of Road Transport & Highways Ex-Secretary Sanjay Mitra.

The idea is to set up a competent entity of experts that can professionally run the Infrastructure Trust to mobilize resources from the market for monetizing completed highway projects of NHAI. In financial parlance, an InvITs is a collective investment scheme through which individuals and institutional investors can directly invest in infrastructure projects.


Please enter your comment!
Please enter your name here

Most Popular

Indian Staffing Market will be the largest market in the world, today the industry is an over 6 billion dollar industry, says Mr Sultan...

Mumbai: According to Mr Sultan Khan, Founder & Director of EaseConnect HR Services Pvt. Ltd. Indian Staffing Market will be the largest market in...

HSE Interview Questions & Answers

What is Safety? The condition of being protected from or unlikely to cause danger, risk, or injury is Called Safety. What is the accident? It is an...

Putham Pudhu Kaalai trailer: Five Tamil filmmakers bring five stories of love in the time of Covid-19

The trailer of Amazon Prime’s upcoming Tamil film Putham Pudhu Kaalai was unveiled on Monday by filmmaker Mani Ratnam and composer A.R Rahman. Tamil...