NHAI to set up InvIT, Committee formed to select best talent for the Board

National Highway Authority of India (NHAI) is to set up an Infrastructure Investment Trust (InvIT) with an aim to facilitate investment in the highway sector.
As part of the structure, a new company will be set up to act as the Investment Manager to the proposed InvIT.
InvIT will be the first-of-its-kind to be sponsored by any government/semi-government entity in India.
It is important to have a professional management structure for the investment manager.
NHAI has set up a committee in order to select the best talent for the appointment of two Independent Directors and one Chairman for the Investment Manager Board.
Dr.Sukhbir Singh Sandhu, Chairman, NHAI will be the Convenor of the Committee and other members include:
Shri Deepak Parekh, Chairman, Housing Development Finance Corporation
Shri Girish Chandra Chaturvedi, Chairman, ICICI Bank
Shri Sanjay Mitra, Ex-Secretary, Ministry of Road Transport & Highways.
The aim of setting up of InvIT is to professionally run the Infrastructure Trust to mobilize resources from the market for monetizing completed highway projects of NHAI.