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Maharashtra becomes first state to form trust for infra projects

The Maharashtra government has approved a dedicated investment trust platform Maharashtra Infrastructure Investment Trust (‘Maha InVit') for infrastructue projects

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Maha InVit will serve as a return investment model, offering public sector investors a stable channel to invest in infrastructure. Representational Pic/File

Maha InVit will serve as a return investment model, offering public sector investors a stable channel to invest in infrastructure. Representational Pic/File

Maharashtra has become the first state in India to form a trust, 'Maha InVit', for major infrastructure development projects in the state, the officials said. 

They said that in a major step to ensure long-term funding for major infrastructure development projects in the state including bridges and roads, the Maharashtra government on Tuesday approved a dedicated investment trust platform Maharashtra Infrastructure Investment Trust (‘Maha InVit').

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