Delay in regulatory approval, lack of funds and land acquisition issues are taking a toll on 115 mega infrastructure projects, which face a cost overrun of Rs 1.47 lakh crore. The projects, each worth Rs 1,000 crore or more, are part of a total 339 across sectors such as power, railway and roads, that were examined by the Statistics Ministry in August 2016.
Tag: infrastructure projects
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India is a Bright Spot Amidst a Dim Global Outlook
There have been multiple evaluations of the recently launched 'Make in India' campaign and the subsequent projects that have been undertaken by the government to improve and enable the economic growth of the Indian maritime clusters. In this light, Elektrans Group is all set to further expand its footprint globally as well as within their home base in India.
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Infra project delays cost Rs 1.47 lakh crore
Delay in regulatory approval, lack of funds and land acquisition issues are taking a toll on 115 mega infrastructure projects, which face a cost overrun of Rs 1.47 lakh crore.
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Steel sector contributes 2% to GDP in 2015-16
The Indian steel sector´s contribution to overall Gross Domestic Product of the country was nearly 2 per cent during 2015-16.
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A uniform tax regime will boost the construction equipment sector
The market for construction and mining equipment is poised for growth, says Devendra Kumar Vyas, CEO - Financial Services, Srei Infrastructure Finance Ltd.
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There is a need for a quick and efficient dispute resolution system
The potential growth in the Indian infrastructure sector presents a promising investment opportunity for private sector players, including foreign investors, says Abhishek Goenka, Partner, PwC India.
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Work is required on a speedy dispute resolution system
U nless the private sector is able to see a good return on investment and stability in the schemes proposed by the government, it would be difficult to attract further investment, says Anand Pattani, Country Manager and Managing Director, Black & Veatch Private Limited.
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We are watching the InvIT market very closely
Ashish Agarwal, Director, Equirus Capital, explores the various avenues available for encouraging the flow of private funds into the infrastructure sector.
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There is a need for the regulator to get more teeth
Sandeep Upadhyay - MD & CEO, Centrum Infrastructure Advisory Ltd, says that a more consultative process involving the NHAI and all stakeholders, by giving due weightage to the lenders, would result in a win-win situation for infrastructure development in India.
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India has a well-developed PPP ecosystem
Sanjeev Kaushik, Deputy Managing Director, India Infrastructure Finance Company Ltd, speaks on the challenges facing infra financing and the likely contours of the post-GST regime