Surety Bonds"

Surety bonds play a pivotal role in the comprehensive development of infrastructure, particularly within the renewable energy sector in India. Surety bonds has emerged as a potential remedy in countering challenges of Non-Fund Based (NFB) credit lines, faced by contractors and bidders in Engineering, Procurement and Construction (EPC) contracts. This paradigm shift towards the leveraging of surety bonds has the potential to address unattended guarantee lines and demands a thorough understanding of the roles of insurers, re-insurers, and brokers in this context.