India: Transforming infrastructure

India’s basic infrastructure is expected to be transformed over the next five years. The Government of India has recently unveiled a plan to invest Rs 10 trillion (US$ 160.81 billion) in highways and shipping sector by 2019. The investment will change the face of the basic infrastructure in …read more

Railways in talks with LIC on funding pact

New Delhi: Indian Railways is in talks with Life Insurance Corporation of India (LIC) to devise a mechanism to deploy Rs 1 trillion (US$ 16.15 billion) of its surplus funds into railway infrastructure over a period of five years.

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