Need Rs.26 lakh crore for infra financing

The government will have to undertake a massive provisioning of Rs 26 lakh crore for the next five years to finance infrastructure projects to boost the ´Make in India´ campaign and help the economy attain 7-8 per cent growth, says a study. The study by industry body PHDCCI and Crisil Ratings also highlighted that investment norms for pension funds and insurance companies will have to be liberalised further to utilise their corpus to part finance infrastructure projects. The analysis showed that out of the estimated Rs 26 lakh crore amount required for infra-¡structure projects, almost 80 per cent will be needed for power, roads and urban infrastructure. In power, gene-¡ration will continue to account for the largest share of investments whereas in roads, investments will be driven towards building national highways and state roads. In urban infrastructure, municipal bodies are likely to need investments for constructing roads, expanding its transport and revamping water supply and sewage infrastructure.