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A Surety Bond for infrastructure projects is a three-party agreement between the contractor, the project owner, and the surety company. The Indian government stated that infrastructure development will be prioritized in the most recent Union Budget 2023. Furthermore, the G20 hosting in India has helped the country's surety bond industry. The government aims of the government is to draw in foreign investment and establish India as a hub for financing infrastructure projects. To do this, it will be essential to construct new highways, airports, bridges, and other substantial infrastructure projects. By prioritizing infrastructure development, creating jobs, and improving citizen living standards, the government might greatly boost the nation's economy.
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