The National Infrastructure Pipeline (NIP) has identified 7,000 projects that require over ₹111 lakh crore in investment in core sectors like power, roads, railways, and urban projects over the next five years, which means, the private sector has to chip in with the big bucks.
In a recent statement, FM Nirmala Sitharaman called for re-thinking financing and development priorities for inclusive, sustainable and resilient infrastructure, prioritizing healthcare and education, ensuring resilience of global supply chains and creating infrastructure aligned with #SDGs.
Traditionally infrastructure projects have been funded through debt. However newer investment vehicles like SPACs have allowed domestic companies to raise capital offshore more recently. The real hot spot for SPACs has been the ESG space and in fact Indian renewable energy producer ReNew Power became the first major overseas listing of an Indian company through a SPAC in 2021.
