Gadkari's three-day UK visit from tomorrow will kick off with a market opening ceremony at London Stock Exchange (LSE), where he will address investors on the opportunities to participate in India's growth story.
He will be making a pitch in a keynote address at a UK- India Conclave titled 'A New Era in UK-India Relations'.
"In order that an active market develops for masala bonds top Indian issuers need to access the market thereby enhancing the liquidity of the masala bond market and also giving international investors the opportunity to have exposure to the Indian Rupee," said a statement from the ministry.
The NHAI, given its strong linkages to the government of India and its strategically important role to the national economy, is uniquely placed to help attract the widest possible investors to the masala bond market and help in the development of this market, it said.
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The transport ministry feels that India's infrastructure is at an inflection point and wants to channelise the growing investor interest via international bond markets, which are the largest and the deepest source of funding.
The rupee-denominated offshore bonds, popularly known as masala bonds, got a tax benefit in the budget for 2017-18. The instrument has been exempted from taxation for transfer among non-residents, while a low rate of 5 per cent would be applicable for investors till 2020.
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