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India to finalise long-term debt infra policy in weeks - official

Labourers work at the construction site of a highway bridge on the outskirts of Jammu August 30, 2013. REUTERS/Mukesh Gupta/Files

NEW DELHI (Reuters) - India will finalise a policy within two months to provide long-term debt for infrastructure projects, senior finance ministry official Arvind Mayaram said on Friday.

India needs to modernize creaking infrastructure to help pull the economy from a deep slowdown, but many projects have been held up by problems including a lack of financing.

(Reporting by Matthias Williams and Krishna N Das; Writing by Anurag Kotoky; Wditing by Frank Jack Daniel)