NEW DELHI (Reuters) - The government has approved doubling the capital base of the India Infrastructure Finance Co Ltd (IIFCL) to 20 billion rupees, to help it raise more money to fund infrastructure projects, a cabinet minister said on Thursday.

The government set up IIFCL in 2007 to fund infrastructure projects in India. India needs $500 billion to build new roads, ports, airports and power plants by 2012.

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Posted by boyang at August 14, 2008 6:15 PM