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India looking for global investors to fund infra projs: LSE CEO

Monday, May 15, 2017

India is scouting for global investors as there is a huge demand for infrastructure investment in the country, LSE CEO Nikhil Rathi has said. "So, India is a fastest growing economy in G-20, growing at 7% a year. There is huge demand for infrastructure investment in India, and it is going global and looking for global investors and London is proving to be natural place for it," Rathi said.

The London Stock Exchange (LSE) saw listing of bonds worth Rs 7,000 crore on Thursday and Friday. Road Transport Minister Nitin Gadkari launched Rs 5,000 crore worth of NHAI bonds on Thursday.

Power, Coal and Renewable Energy Minister Piyush Goyal on Friday kicked off trading of papers worth Rs 2,000 crore from India's biggest power generation utility NTPC. "We have seen that progress built year after year. More money being raised at lower prices to invest directly in Indian infrastructure, whether that's power, roads, housing, renewable energy. Indian companies are finding welcome opening," he said.

Asserting that Indian power sector is one of the fastest growing power sectors in the world, Rathi said that the country will certainly achieve its ambitious renewable energy target of 175 GW. "India’s renewable energy target that brings with it huge need to investors and also for projects. But, I think that there is lot of confidence in minister's (Power Minister Piyush Goyal's) leadership. This ambitious target will be delivered and delivered effectively," he said.

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