To boost infrastructure development in the country, Finance Minister P Chidambaram said on Monday the government has identified certain areas in this regard, including relaxing of external commercial borrowing norms.
"We have identified some areas... ECB norms for infrastructure must be made flexible, pension and insurance funds should invest more in infrastructure and its guidelines have to be revisited and above all... create a broad, deep and active corporate bond market," he said at the US-India CEO Forum in Mumbai on Monday.
Chidambaram