The infrastructure sector, with transportation at the forefront, is a key enabler, acting as no less than a spinal cord for any economy and India is no exception. The infrastructure sector can be referred to as a set of basic services, facilities and physical installations required for smooth functioning of quality life in a country.
Infrastructure companies have welcomed the GovernmentÂ’s move to bring in flexibility in the roads sector, including revised norms that permit stake sale in projects right after commissioning. The move is expected to accelerate the rate of churn of projects, increase the size of disinvestment, bring about liquidity, aid in debt swap and infuse fresh equity into new projects. R Balarami Reddy, Executive Director, Finance, IVRCL said that the decision will help speed up the process of exits and giv
Lack of coordination between the various government agencies that are involved in the road/highway construction business and improper policy initiatives hamper the prospects of roads sector, experts feel. Private funding of infrastructure has become a mainstay of the Government of IndiaÂ’s policy towards infrastructure deveÂlopment.