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June 24th, 2011
India Readies $11 Billion Infrastructure Fund

The Indian government said Friday it has finalized the broad structure for setting up the planned $11 billion infrastructure debt fund that is aimed at financing the massive overhaul of the country’s creaky infrastructure. Under the proposed structure, the fund may be set up either as a trust or a company. If it is controlled as a trust, then the fund will function as a mutual fund, issuing units to investors and will be regulated by the Securities and Exchange Board of India, the government said in a statement. Read More