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News Indian government launches development debt fund

Indian government launches development debt fund

Written by Global Cement staff 26 November 2019
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India: The Union Council of India has approved a US$1.4bn distress fund to help developers finish partially completed residential developments. Business Today has suggested that the financing, which prioritises affordable and middle-income housing projects, will bolster demand for cement producers. The launch of the scheme follows India’s decision not to join the Regional Comprehensive Economic Partnership on 4 November 2019, for which it stated reasons of a trade deficit with 11 of the 15 other signatories and the rejection of its proposed three-tier structure for phasing out tariffs.

Last modified on 27 November 2019
Published in Global Cement News
Tagged under
  • India
  • development
  • Government
  • funding
  • demand
  • GCW433

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