Delays in project execution have led both the promoters as well as banks to lose money on account of cost and time overruns.

The Central government has introduced the Bill with sweeping changes in the existing regime.

By fiscal year 2023, India will be looking at a whopping investment requirement of Rs 38.6 trillion in the infrastructure sector. Over a period of time, the government spending has completely overshadowed private sector investment which was 37 per cent in 2008, and a gradual downward curve between 2013 and 2017 was witnessed.

The infrastructure sector is highly responsible for propelling India's overall development. With intense focus, the government has initiated policies to ensure time-bound creation of world-class infrastructure in the country.

New methods of sharing project responsibility between the owners and contractors looks set to accelerate the ongoing digital journey to combat late delivery, budget excesses and poor visibility into performance.

A smart city is not only about cutting-edge technology, gadgets guiding your lifestyle or using ICT (Information and Communications Technology) but also to string together a man-machine interaction that will drive our socio-economic engagement in the society.

The highway sector has been the ignitor of PPP framework in India. The sector has received a significant support from the government and NHAI has played its role well through constant innovation.

In India, the urban rail network has grown significantly over the past 10-12 years, from about 90 km in 2006 to 444 km as we speak.

A veteran of India's energy sector, Prof Kirit Parikh chaired the committee that submitted the 2013 groundbreaking report on pricing methodology for diesel, domestic LPG and PDS kerosene.