Steps taken by the Government

♤ Public-Private Partnership Projects in Infrastructure

♤ Viability Gap Funding

♤ Foreign Direct Investment and Infrastructure Development - 100 per cent FDI is allowed under the automatic route in some of the sectors such as mining, power etc. Further, FDI is also allowed through the approval route in some sectors such as civil aviation sector etc.

♤ Setting up of India Infrastructure Finance Company Limited (IIFCL)

♤ Setting up of Infrastructure Debt Funds

♤ Tapping the retail investor base through Infrastructure Bonds

♤ Introduction of Credit Default Swaps

♤ Liberalisation & Rationalization of ECB policies

Greater Participation of State Governments must be ensured and steps must be taken to simplify the procedures and to improve efficiency of the Corporate Bond Market.