Strengthening Asset Monetization
The approval marks a significant milestone in NHAI’s asset monetization strategy, aimed at broadening public participation in the country’s highway growth story. RIIT will serve as a platform to channel domestic capital into infrastructure, ensuring sustainable financing for the expansion of India’s national highway network.
Role of RIIMPL
Earlier, NHAI had incorporated Raajmarg Infra Investment Managers Pvt. Ltd. (RIIMPL) as the Investment Manager for RIIT. RIIMPL has been established as a collaborative venture with equity participation from leading banks and financial institutions, including State Bank of India, Punjab National Bank, NaBFID, Axis Bank, Bajaj Finserv Ventures Ltd., HDFC Bank, ICICI Bank, IDBI Bank, IndusInd Bank, and Yes Bank. Shri NRVVMK Rajendra Kumar, Member (Finance), NHAI, has been appointed as the Managing Director and CEO (Additional Charge) of RIIMPL.
Leadership Perspective
Commenting on the development, NHAI Chairman Shri Santosh Kumar Yadav said, “The SEBI approval for RIIT represents a significant milestone in expanding public participation in India’s National Highway infrastructure growth. The senior leadership team at RIIMPL comprises highly experienced professionals, well positioned to take this initiative forward and create meaningful long-term investment opportunities for the public.”
Public Participation in Infrastructure
RIIT is expected to deepen public participation by enabling retail investors to directly contribute to national infrastructure development. By offering a transparent and regulated investment vehicle, the trust will accelerate the creation of a robust highway network across the country, while ensuring steady returns for investors.
Future Outlook
The Public InvIT is poised to play a pivotal role in achieving NHAI’s asset monetization objectives. It will not only strengthen India’s highway infrastructure but also provide a new avenue for domestic investors to participate in nation-building. With SEBI’s approval, RIIT sets the stage for a new era of infrastructure financing in India.
