Corporate debt market for infra development

During his meeting with editors of the electronic media, Prime Minister Manmohan Singh urged for developing a corporate debt market to meet the projected investment of $1 trillion in infra sector which is needed to sustain the country’s economic growth rate in the 12th Five-Year Plan (2012-2017). Corporate debt market enables private industry to raise funds through debt instruments and channelise these into specific sectors like infrastructure. He has highlighted the need of attracting foreign investment in the Indian market. It is learnt that the finance ministry is already on the job in this development. 

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