India and the US are considering setting up a 10 billion US dollar infrastructure debt fund under the public-private-partnership mode to expedite investments in the infrastructure sector. Commerce and Industry Minister Anand Sharma today said the debt fund has been mooted by the India-US CEOs Forum that comprises 12 corporate leaders from each side. Speaking to reporters on the sidelines of a CII meet in New Delhi, Mr Sharma said the fund could help India get resources to finance its US $514 bn infrastructure investment plans. He said Finance Minister Pranab Mukherjee and US Treasury Secretary Timothy Geithner are directly discussing what modalities should be adopted to put in place the infrastructure debt fund.However, Sharma added that details of the proposed fund would be known after the two countries take a final call on it without a specifying timeline.
News On AIR | November 8, 2010 6:08 PM
India-US may set up $10 bn Infrastructure Debt Fund