India’s road infrastructure investment trusts (InvITs) are projected to more than double in value, reaching Rs 5.45 trillion by 2030, according to a joint report by FICCI and CRISIL. This growth reflects surging investor interest and government efforts to monetise completed highway assets. Currently valued at around Rs 2.3 trillion, road InvITs manage over 14,000 km of highways, accounting for about 10 per cent of India’s national highway network. Additionally, as per the report, 12 InvITs have raised Rs 500 billion from investors since 2018, with distributions yielding 10-12 per cent annually, outpacing traditional fixed-income options.
Key drivers for the future include the National Highways Authority of India’s (NHAI) plan to invite bids for 9,500 km of operational highways by 2030 and a robust pipeline of Rs 3 trillion in assets.