Plan panel nod to $10-billion debt fund

The Plan panel has supported a $10-billion debt fund, under public private partnership. The India-US Chief Executive Officers (CEO) forum had suggested this for proliferation on investments in the infrastructure sector.

The Plan panel has supported a $10-billion debt fund, under public private partnership. The India-US Chief Executive Officers (CEO) forum had suggested this for proliferation on investments in the infrastructure sector.

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The forum comprising 12 corporate heads from each side on had asked the government Monday to set up the fund.

“We are in favour of setting up such funds,” Planning Commission Deputy Chairman Montek Singh Ahluwalia said, when asked about the proposal of setting up the infra-fund.

The fund aimed at attracting investments from the US-based companies will go through government scrutiny before finalisation. “The governments have yet to take a final view and put in place the modalities...” said a government functionary.