India considering infrastructure debt fund options: Fin min

NEW DELHI: India is considering various options to create infrastructure debt funds, a statement issued by the finance ministry said on Wednesday.

India plans to spend $1.5 trillion over 10 years to revamp its creaky infrastructure, which is seen as a brake on its economic growth.

India's Planning Commmission has proposed setting up an $11 billion infrastructure fund and there may be a separate fund also for power generation.