It-¦s a very relevant point since $1 trillion is required for infrastructure spending as estimated by the 12th Five Year Plan and you need long-term low-cost funds. Clearly, the major supplier of those, the public sector banks historically, are not going to be able to fill this requirement.
Tag: infrastructure
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The corridors are still in the nascent stages of development
This has not been largely used in the metro rail sector as yet, and this sector is still developing. It is to be noted that these projects take a long time to construct and the initial challenges of right of way need to be overcome.
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Is India´s steel industry ready to take the torch from China?
As Prime Minister Narendra Modi pushes for improvements in India´s infrastructure and housing, the nation´s steel consumption is set to accelerate. China´s demand for steel, meanwhile, is retreating from the double-digit growth rates of the past 10 years as Beijing tries to shift the economy to focus on domestic consumption rather than exports.
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Unravelling growth
At 4.87 million km, India has the second largest road network in the world. Transporting over 60 per cent of the country´s goods and serving 85 per cent of total passenger traffic, it is little wonder the Modi Government has accorded the highest priority to developing roads and highways.
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Land acquisition and MOEF clearances have held up projects
Roads and highways sector has observed a significant growth over the past few years compared to the other heavy civil engineering sectors such as power and water. The growth has come, especially in the EPC mode of the business, whereas PPP and annuity based projects have also witnessed a few bids.
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Gaining momentum
The Ministry of Road Transport and Highways (MORTH) has made significant efforts to put the sector on a growth trajectory. While there has been noticeable improvement, a more collaborative endeavour is sought to bring about the desired effect.
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From thought to action
If the change in governance at the Centre last year brought reason to cheer, the first year of the NDA government´s rule also showed that intent alone was never going to be enough.
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A close assessment
There´s a big scope of service delivery improvement and the government needs to think mobile first. The ´Digital India´ initiative aims at preparing India for a knowledge-oriented future. The programme´s objectives clearly highlight that it is a comprehensive
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Digital India: The next steps
The noble vision of having paperless governance needs to overtake a mindset and working style of decades. It needs the transition of people more than infrastructure at any juncture.
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SPV will enable ports to execute projects at a faster pace
In a candid conversation with Infrastructure Today, I Jeyakumar, Chairman, Mormugao Port Trust, puts forth the challenges faced by ports and his views on the way ahead.