Investors question credibility of India’s infrastructure plans
The Indian government will have to demonstrate it can deliver on its promises if it is to attract foreign investor capital into its ambitious infrastructure investment agenda.
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Asset owners and infrastructure experts applauded India’s latest budget for offering incentives to attract foreign capital into the $1.5 trillion-worth of projects within its new National Infrastructure Pipeline. But investment experts question how successful these inducements will be, given previous failures by New Delhi to deliver on promises to foreign investors.
The latest budget was unveiled on February 1 by finance minister Nirmala Sitharaman, who outlined several incentives…
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