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A surety bond for infrastructure projects is an agreement between the assurance company, the contractor, and the project owner. The Indian government stated that infrastructure development will be its primary priority in the most recent Union Budget 2023. India's surety bond industry will benefit from hosting the G20 conference. The government aims to attract overseas investment and establish India as a hub for financing infrastructure initiatives. Major infrastructure projects like building new bridges, airports, and highways must be finished in order to achieve this. The government's focus on bolstering the economy of the country might be very beneficial for raising living standards, creating jobs, and building infrastructure.

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