Pension savings may get bigger infrastructure play as PFRDA explores direct project exposure
The government is seeking to channel more pension savings into India’s long-term infrastructure needs, with PFRDA chairman S Ramann saying the regulator is exploring additional avenues, including direct exposure to large projects. CEA V Anantha Nageswaran called pension savings patient, long-duration capital suited to financing long-lived infrastructure assets.
New Delhi - The government has emphasized the potential for pension funds to invest in long-term infrastructure projects, with the Pension Fund Regulatory and Development Authority (PFRDA) chairman S Ramann stating the regulator is exploring more avenues for infrastructure investments using pension money. Ramann made these comments at the launch of new pension products such as NPS Swasthya, NPS Tatkal and NPS Bharat Fund of Funds during NPS Diwas.
CEA V Anantha Nageswaran highlighted the long-duration and patient nature of pension savings as ideal for financing long-lived assets, as India's infrastructure needs are expected to grow in the coming decades. PFRDA, intermediaries, and households are urged to move away from short-term investment thinking and consider more sustainable, long-term investments, even if they may not be as thrilling.
Financial services secretary Sanjay Lohia expressed optimism about attracting significant foreign investment in India's infrastructure sector, citing the sector's potential for long-term value.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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