Development of infrastructure is vital for the progress of Indian economy. However, a collective support of other sectors is required to achieve its goal. The year just gone was shaded with the dark patches of issues like slowdown and lack of policy initiatives. However, a realistic approach in policy frame work and the revival of the global economy can uplift the sentiments of the industry in the coming years. Arvind Mahajan writes on the performance and outlook of India's infrastructure sector
Author: admin (Infratructure Today)
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Infrascape 2013 | PPP is the way forward
Realising the importance of nation building, our planners and policy makers are targeting a whopping US$ 1 trillion of infrastructure investments durĂÂing the XII Plan period. With the combined Central and State deficit at over ~11 per cent of GDP, and national debt at close to 90 per cent of GDP, government finances are seveĂÂrely constrained.
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Infrascape 2013 | Power distribution needs significant reform intervention
India has suffered a slowdown due to weak industrial growth. There is an immediate need to improve the macro-economic environment to accelerate the pace of reforms. As the year 2012 ends and the New Year rolls in, the existing troubles need immediate resolution.
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Infrascape 2013 | Positive changes in 2013
In the power sector, 2012 has been a very bad year with zero projects commenced. Unfortunately all the ingredients of the sector have gone wrong. Coal, environĂÂmental clearances and land became a huge problem for any power project. So whatever projects were on the anvil have also got delayed or shelved.
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Infrascape 2013 | Policy reforms to accelerate capacity building in distribution
When we reflect on the developments in the power sector in 2012, we find that it was a mixed bag. The generation sector saw a phenomenal, unprecĂÂedented, capacity additĂÂion thus, bridging the energy gap to a great extent. Today, the total installed generation capaĂÂcity is over 209,000 MW after an addition of over 50,000 MW in the 11th 5 year plan period.
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Infrascape 2013 | Opening up of FDI should improve investment
The oil and gas sector was once again marred by mounting under-recoveries with upstream public sector oil companies takĂÂing a hit of Rs 30,200 crore during April-September 2012 period, a 39 per cent rise in the burĂÂden compared with the same period last year.
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Infrascape 2013 | Optimistic growth of steel
The overall performance of the steel sector is Ăâoptimistic.Ăâ In the fiscal 2012-2013, growth in domestic steel demand is expected to be around five and a half per cent. The total demand is expected to be around 75 million tonnes, up from 71 million tonnes in 2011-2012.
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Infrascape 2013 | Real Estate Bill to increase transparency
Given that there are confĂÂusing signals from our economic data, we are hoping that there will be some policy easing, which will help our cause. Policy initiatives: The introduction of legislation such as the Real Estate Bill is expected to increase transparĂÂency and boost investor confiĂÂdence in the Indian market.
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Infrascape 2013 | Nextgen global contractors will be from India
The Indian Construction Industry in general faces a huge dichotomy, neither is it valued overseas, other than as a source of labour resources, nor is it valued at home, because of fragmentation and poor practices, and yet the potenĂÂtial is huge.
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Infrascape 2013 | We do not expect any dramatic impĂÂrovement in 2013
The year 2012 has been a challenging year for the logistics sector as the economic slowdown affected manufacturing leading to general decline in the movements of goods across sectors like auto, commercial vehicles, heavy engineering and capital goods. Tight credit situĂÂation, no major policy reforms and weak demand made the situĂÂation further difficult for the sector.