Govt to raise ₹5k cr via masala bonds for infra development
India is planning to sell as much as ₹5,000 crore of offshore rupee bonds or masala bonds in London and Singapore to accelerate the construction of roads and ports. Transport Minister Nitin Gadkari said National Highways Authority of India will raise the funds. The sale will be the largest such issue by a state-run body since NTPC's transaction in August.