Emphasizing that there is no dearth of funds, Commerce and Industry Minister Suresh Prabhu has said that infrastructure companies need to work out on innovative instrument and structure to attract global funds for investment in infrastructure sector.
The minister also mentioned about efforts being taken by the government to attract various global funds. Suresh Prabhu has also said “I have talked to funds in Australia and Canada and government is trying to work with them. Uniqueness of this is that the pension funds of both Canada and Australia is more than the their national GDP.”
Besides, the Commerce Minister has also invited the chairman of Abu Dhabi Investment Authority, which is the largest sovereign wealth fund in the world and they are very keen to invest in India, seeing the country’s growth story. But Suresh Prabhu pointed that instrument, structures and policies are missing and infrastructure developers need to work on it.