India infra debt fund likely within two months: Adviser
He also said India was likely to miss by USD22 billion its target of investing USD500 billion in infrastructure under the current five-year plan ending in March 2012.
India has pledged to spend USD1 trillion on upgrading its creaking power plants, railways and ports in the five years to 2017 to deal with a key bottleneck to continued growth. Private cash has been pencilled in for half of that.
India finalised the structure of infrastructure debt funds in June, an instrument it wants to use to source long-term debt to finance the country's infrastructure needs, saying they could be set up as companies or trusts, a finance ministry statement had said.