A new government policy allows venture capital firms and pension funds to participate in bidding for highway PPP projects, alongside traditional developers. The move is designed to pull in larger pools of capital and longer-term commitment to improve project execution, while pushing for better quality and efficiency across the road sector.
India has eased eligibility rules for build-operate-transfer highway projects, allowing pension and sovereign wealth funds to bid directly for new greenfield toll roads. The government’s goal is to attract more private infrastructure capital by letting institutional investors deploy their balance-sheet strength, while partnering with construction expertise. Officials also want BOT’s share in highway awards to rise significantly.
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Motilal Oswal Asset Management Company has received PFRDA approval to operate as a Pension Fund Sponsor under the National Pension System. It plans to set up a separate pension fund entity to manage NPS assets and retirement investments, expanding its footprint in India’s long-term retirement and pension management ecosystem.
PPFAS Asset Management has received approval from the Pension Fund Regulatory and Development Authority (PFRDA) to become a sponsor for a pension fund under India’s National Pension System (NPS). The move potentially expands the set of players managing NPS pension funds, strengthening options for subscribers while bringing PPFAS into the regulated pension ecosystem.
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