NaBFID plans $3-4 billion ECB raise to support infrastructure financing
The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise $3-4 billion through external commercial borrowings to support India's infrastructure financing. Managing Director Rajkiran Rai G emphasized the need to double annual infrastructure investments to ₹40 lakh crore to meet economic growth ambitions, as current investments stand at ₹20 lakh crore. NaBFID has already secured $850 million and aims to issue bonds worth $500 million to $1 billion, with a potential launch by September, depending on investor interest.