MoRTH considers raising funds through masala bonds

The Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are mulling over an option of raising funds through masala bonds. Masala bonds refer to a financial instrument through which Indian companies can raise money from global markets in Indian rupees. Reportedly, a London-based firm has approached the ministry in this regard. NHAI needs to raise about Rs 500 billion from the market during 2016-17 to fund projects.

GET ACCESS TO OUR ARTICLES

Enter your email address