Middle East investors eye 100% FDI in India $80 billion infra spend
Recently, India is set to disclose its $80.4 billion four-year proposals to privatize its infrastructure resources in state-owned enterprises in the aviation, power, oil and gas sectors in which investors in the Gulf are expected to show interest.
In order to make asset monetization attractive to foreign investors, the Indian government has recently allowed 100 percent foreign direct investment in specific industries, reported Emirates News Agency WAM.
The privatization push by India’s Minister for Finance and Corporate Affairs, Nirmala Sitharaman will be called the National Monetization Pipeline (NMP).
An official announcement today said, "It comprises a four-year pipeline of the government's brownfield infrastructure assets. Besides providing visibility to investors, the NMP will also serve as a medium-term roadmap for the asset monetization initiative of the government.”
A detailed book listing everything of investor interest will be released in the presence of Rajiv Kumar, Vice Chairman of NITI Aayog and Amitabh Kant, its CEO. NITI Aayog is the main policy think tank of the government of India.