GIC eyes investing $1b in India's road assets

It looks to expand its presence in India’s infrastructure sector.

Deal Street Asia reports that GIC eyes placing $1b in India through an investment platform that will buy operating roads as part of its expansion in the country’s infrastructure sector, anonymous sources revealed.

“The Singapore-based investor is in the process of setting up a platform that will buy operating toll and annuity road assets. They are in talks with a domestic group for partnering for the platform," said the first person cited above, requesting anonymity as he is not authorized to speak with the media.

GIC did not respond to emails seeking comment.

The second person cited above said the platform is part of a wider strategy of GIC to increase its investments in India’s infrastructure sector.

Read the full report here.