India Poised to Unlock $9 Billion for Roads, Power Investing
- IRB, Sterlite set to launch infrastructure investment trusts
- Nation hoping to replicate successes in the U.S., Singapore
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A decade-long wait by India’s cash-hungry real estate and infrastructure developers may finally be nearing an end.
Birla Sun Life Asset Management Co. estimates that real estate and infrastructure trusts will raise as much as 600 billion rupees ($9 billion) this year as India rolls out the much-anticipated investment products mooted in 2007. Sterlite Power Transmission Ltd. and IRB Infrastructure Developers Ltd. are racing to be the first to launch an infrastructure investment trust, people with knowledge of the matter said, after the regulator allowed domestic funds to put money into assets such as toll roads, airports and office blocks.