"Many firms have already entered into the market for providing funds to infrastructure projects, primarily the road projects as we are seeing huge investor interest not only from the domestic but also from global players like overseas pension funds as well as provident funds," India Ratings associate director (infra and project finance) Chintan Lakhani said.
As per the RBI mandate, infrastructure debt funds can invest in roads projects only after one year of commencement of operations.
"The delay in execution of projects or the economic slowdown is unlikely to impact the investor sentiment as they invest one year after the commencement of commercial operations of the road project," ICRA Assistant Vice President Shubham Jain said.
He said there are nearly 150 national highway projects operational where these funds can be invested and which are long-term in nature.
