Surety bonds are emerging as a cheaper, flexible alternative to bank guarantees in India's construction sector.

Surety bonds are gaining traction in India's construction sector as a more flexible and cost-effective alternative to traditional bank guarantees. These bonds help EPC companies reduce financial pressures, allowing them to take on bigger projects and adopt new technologies. With government support and tailored insurance products, surety bonds aim to revolutionize the industry despite current low awareness.

November 29, 2024
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