India aims to set up a $11 billion fund to finance infrastructure projects, underscoring the country's efforts to secure ample investments to mend shabby roads and unclog ports, the development of which is often stifled by a cash crunch.

The top government economic think tank, the Planning Commission, proposes to set up the fund under a special company that will be owned by banks and financial institutions.

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Posted by mopeng at May 31, 2010 9:50 PM