NHAI to Setup InvIT Committee for Investment Manager Board

Published on July 05, 2020
Current Context: National Highway Authority of India (NHAI) has decided to establish Infrastructure Investment Trust (InvIT), which will be India’s first government or semi-government trust.
NHAI to Setup InvIT Committee for Investment Manager Board
  • The InvIT will be promoted under the Indian Trust Act, 1882 and SEBI Regulations, 2014.
  • The Infrastructure Investment Trust (InvIT) will facilitate investment in highway sector. For this purpose, a new company will be setup which will act as an investment manager to NHAI InvIT
  • It will mobilize resources from market for monetizing completed highway projects of NHAI that have a toll collection track record of atleast one year.
  • Static Part: 
    • HQ of NHAI: New Delhi
    • Chairman of NHAI: Dr Sukhbir Singh Sandhu
    • HQ of SEBI: Mumbai
    • Chairman of SEBI: Ajay Tyagi

Question: 

Q.1 Which of the following organisation has decided to set up Infrastructure Investment Trust (InvIT)?
a. NHAI
b. NABARD
c. RBI
d. NITI Aayog

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