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Niti Aayog CEO Amitabh Kant on Thursday pitched for channeling insurance and pension funds for financing infrastructure projects as also for a complete re- examination of the Viability Gap Funding (VGF) scheme.
"We need to build up environment to tap pension and insurance funds for investments in infrastructure projects... VGF scheme needs a complete re-examination," Kant said at Crisil India Infrastructure Conclave here.
VGF is one-time grant to public-private-partnerships (PPPs) in the infrastructure sector to fill the funding gap for making projects commercially viable.
"If you do a well structured infrastructure project, then definitely you will get response from private sector players," Kant observed.
He also said if India wants wants to grow at 9-10 per cent then it must develop its infrastructure because countries like South Korea, Singapore, Taiwan and Japan grew on the back of good infrastructure.