Maharashtra Approves India’s First State-Level Infrastructure InvIT
ROADS & HIGHWAYS

Maharashtra Approves India’s First State-Level Infrastructure InvIT

In a pioneering move to advance infrastructure development and unlock capital for critical projects, the Maharashtra state government has approved the creation of the Maha InvIT (Maharashtra Infrastructure Investment Trust). With this step, Maharashtra becomes the first Indian state to launch its own Infrastructure Investment Trust.

The Maha InvIT is designed to serve as a platform for mobilising funds from both private and public investors, offering them stable returns while enabling the state to fast-track the development of key infrastructure assets such as roads and bridges.

Structured in line with the guidelines of the Securities and Exchange Board of India (SEBI), the trust will include designated roles for sponsors, investment managers, and project managers. The trust model is expected to facilitate efficient capital deployment and reduce dependency on high-cost borrowings.

Infrastructure Investment Trusts (InvITs) were first introduced in the United States in 1960, and in India, the National Highways Authority of India (NHAI) adopted the model in 2020 by establishing the National Highway Infrastructure Trust. Maharashtra is now the first state to implement the structure at the sub-national level.

As part of the Maha InvIT, revenue-generating assets from the Public Works Department, Maharashtra State Road Development Corporation (MSRDC), and Maharashtra Infrastructure Development Corporation will be transferred into the trust. These assets will form the basis for generating future income, which can then be reinvested into new infrastructure projects across the state.

The state has also given in-principle approval for setting up a Special Purpose Vehicle (SPV) under the trust. This structure is expected to attract long-term institutional investment, improve liquidity in the infrastructure sector, and deliver better financial efficiency compared to traditional debt funding models.

Officials believe the Maha InvIT will not only enhance the pace and quality of infrastructure development but also significantly reduce the financial burden on the state exchequer. The government is optimistic that the initiative will serve as a model for other states looking to modernise infrastructure financing.

In a pioneering move to advance infrastructure development and unlock capital for critical projects, the Maharashtra state government has approved the creation of the Maha InvIT (Maharashtra Infrastructure Investment Trust). With this step, Maharashtra becomes the first Indian state to launch its own Infrastructure Investment Trust.The Maha InvIT is designed to serve as a platform for mobilising funds from both private and public investors, offering them stable returns while enabling the state to fast-track the development of key infrastructure assets such as roads and bridges.Structured in line with the guidelines of the Securities and Exchange Board of India (SEBI), the trust will include designated roles for sponsors, investment managers, and project managers. The trust model is expected to facilitate efficient capital deployment and reduce dependency on high-cost borrowings.Infrastructure Investment Trusts (InvITs) were first introduced in the United States in 1960, and in India, the National Highways Authority of India (NHAI) adopted the model in 2020 by establishing the National Highway Infrastructure Trust. Maharashtra is now the first state to implement the structure at the sub-national level.As part of the Maha InvIT, revenue-generating assets from the Public Works Department, Maharashtra State Road Development Corporation (MSRDC), and Maharashtra Infrastructure Development Corporation will be transferred into the trust. These assets will form the basis for generating future income, which can then be reinvested into new infrastructure projects across the state.The state has also given in-principle approval for setting up a Special Purpose Vehicle (SPV) under the trust. This structure is expected to attract long-term institutional investment, improve liquidity in the infrastructure sector, and deliver better financial efficiency compared to traditional debt funding models.Officials believe the Maha InvIT will not only enhance the pace and quality of infrastructure development but also significantly reduce the financial burden on the state exchequer. The government is optimistic that the initiative will serve as a model for other states looking to modernise infrastructure financing.

Next Story
Infrastructure Transport

India’s Maha Kumbh of Road Construction

The RAHSTA Forum 2025, held on June 25 at Courtyard by Marriott, Mumbai, delivered powerful insights and dialogue on the future of India’s roads and highways sector. Organised by the FIRST Construction Council, the Forum served as the curtain-raiser to the much-anticipated RAHSTA Expo 2025, set to take place on 3rd and 4th September at the Jio Convention Centre, Mumbai.Union Minister of Roads Transport & Highways Shri Nitin Gadkari, while appreciating the efforts of FIRST Construction Council and ASAPP Info Global Group, commended the awards which recognise excellence across various..

Next Story
Real Estate

Built to Last, Designed to Impress

The construction and interior design industries stand at the confluence of functionality and aesthetics, where innovation powers the creation of enduring structures and inspiring spaces. At the heart of this process are materials and solutions that enable architects, designers, and builders to realise their visions with precision and reliability.Featuring iconic brands such as Fevicol—synonymous with adhesive solutions—Dr. Fixit, a complete waterproofing system renowned for addressing every critical area of construction, and Roff, a specialist in tile-fixing solutions, Pidilite has earned ..

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?