Bookmark Bookmark

National Highways Authority of India will establish InvIT

National Highways Authority of India will establish InvIT

The National Highway Authority of India (NHAI) will establish an Infrastructure Investment Trust (InvIT) with the objective of enabling investments in the highway sector. The government will establish a new company as part of the structure that will act as the Investment Manager to the proposed InvIT.

Key Points:

  • The importance of a professional management structure for managing investment is necessary since NHAI InvIT will be the first InvIT that has been financed by any government or semi-government organisation.
  • The government has also formed a search-cum-selection committee for the selection of the best talents from the markets who can be appointed to the two posts of Independent Directors and one Chairman of the Investment Manager Board.
  • The members of the committee include Dr Sukhbir Singh Sandhu, Chairman of NHAI as the convenor of the committee, Shri Sanjay Mitra, Ex-Secretary, Ministry of Road Transport & Highway, Shri Girish Chandra Chaturvedi, Chairman, ICICI Bank and Chairman of Housing Development Finance Corporation, Shri Deepak Parekh.
  • The objective of the committee will be to establish a competent institution comprising experts who can run the Infrastructure Trust professionally and mobilise the market resources to monetise completed Highway Projects of NHAI.

You might be interested:

Senior Air Staff Officer’s Conference of IAF held on 2 July 2020

Senior Air Staff Officer’s Conference of IAF held  on 2 July 2020 The Chief of the Air Staff, Air Chief Marshal RKS Bhadauria PVSM AVSM VM ADC inaugurated the Senior Air Staff Officer&rsquo ...

7 months ago

One Liners of the Day, 03 July 2020

Defence The Defence Acquisition Council (DAC) approved buying 21 MiG-29 fighter jets from - Russia. The Indian government has decided to induct members of ______ community in the Central Armed Police ...

7 months ago

Daily News Digest:02 July 2020

China Imposes New Security Law on Hong KongA new security law has been passed by China for Hong Kong that came into effect from 1 July 2020. Under the law subversion, terrorism, secession and collusio ...

7 months ago

Carnegie Corporation of New York honours two renowned Indian-Americans

Carnegie Corporation of New York honours two renowned Indian-Americans The Carnegie Corporation of New York has named Professor of Economics at Harvard University Raj Chetty and Pulitzer Prize-winning ...

7 months ago

Union Ministers Dr Harsh Vardhan and Ramesh Pokhriyal jointly launch Drug Discovery Hackathon

Union Ministers Dr Harsh Vardhan and Ramesh Pokhriyal jointly launch Drug Discovery Hackathon The Union Minister of Human Resources Development, Ramesh Pokhriyal Nishank and Union Minister of Health a ...

7 months ago

Interministerial Scheme ‘Accelerate Vigyan’ launched by SERB

Interministerial Scheme ‘Accelerate Vigyan’ launched by SERB The Science and Engineering Research Board (SERB) functioning under the Department of Science and Technology has launched the I ...

7 months ago

Provide your feedback on this article: