Sterlite Power’s Chief Executive Officer Prateek Agarwal is betting on real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) to bring in a large chunk of foreign capital to fulfill the country’s infrastructure needs.
“I think that (of) the $600 billion investment that India needs, a large chunk will come through global financial institutions, through tax efficient instruments like REITs and InvITS,”Agarwal said in an interview to Bloomberg Quint at the India Economic Summit 2016 organised by the World Economic Forum in New Delhi, India.
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