Rs 2-trillion InvITs likely to hit market in the next 5 years, says ICRA

Companies from roads, telecom fibre, power transmission, and generation are expected to come with InvITs

Infrastructure investment trusts (InvITs) worth Rs 2 trillion are expected to hit the market over the next five years, says rating agency ICRA. Of the total, about Rs 80,000 crore of InvITs could be launched within a year, it said.

The National Highway Authority of India (NHAI) InvIT, Tower Infrastructure of Reliance Jio, a second InvIT from IRB, and eight road assets by L&T and IndInfravit from Sadhbav are some of the issuers that are in advanced stages to raise money through this instrument. So far, about Rs 22,000 crore has been raised through InvITs.

ICRA said a favourable tax regime would