The Inland Waterways Authority of India has raised Rs. 660 crore through bonds and the proceeds will be used exclusively to develop National Waterways, the government said on Friday.
“The IWAI has raised Rs. 660 crore as ‘GOI Fully Serviced Bonds’. The resources raised by way of bonds are in addition to the budgetary support from the Government of India,” the Ministry of Shipping said in a statement.PTI