Surety Seven | The Main Benefits of Surety Bond Use in Infrastructure Projects
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A three-party contract with the surety company, the contractor, and the project owner makes up a Surety Bond for infrastructure projects. Infrastructure development would be given top priority, the Indian government announced in the most recent Union Budget 2023. Also, India's hosting of the G20 conference has helped the nation's surety bond industry. To establish India as a hub for financing infrastructure projects, the government wants to draw in foreign investment. To do this, it will be required to construct new highways, airports, bridges, and other significant infrastructure projects. By concentrating on improving the standard of living for its population, building infrastructure, and creating jobs, the government may be able to considerably boost the national economy.
