Visionary Leader

The National Highway Authority of India (NHAI) is set to be float an Infrastructure Investment Trust (InvIT) to facilitate investment in the highway sector. Dr Sukhbir Singh Sandhu, Chairman, NHAI, is overseeing this venture. The NHAI InvIT will be the first InvIT to be sponsored by any government or semi-government entity in the country. InvITs work on similar lines as mutual funds and have been designed to pool funds from investors to invest in assets that generate cash flows over a period of time. In recent developments, the Canadian Pension Fund, Life Insurance Corporation (LIC) and National Infrastructure Investment Fund (NIIF) are among a number of investors that have shown interest in the InvIT to be floated by NHAI. The units of the InvIT will be placed privately for raising money.