I think in many sectors the policies are conducive. The most recent example is the Rewa Ultra Mega Solar Project, where IFC was the lead public-private-partnership (PPP) transaction advisor. We helped structure the bidding process to include a three-tiered payment security mechanism.
ABB India has posted its biggest growth in orders in recent years. The investments in power transmission based on cutting edge technology, renewables, increased spend in infrastructure & transportation provided ABB India ample opportunities.
Smart cities will encourage sustainable development. They will also help to optimise resources, to meet the demands of growing urban populations. These cities would also encourage usage of shared services among different utility functions.