Private sector dominates infra investment
Govt to double annual investment to US$200bn
The private sector has provided a third of the US$1 trillion investment in the Indian infrastructure projects from 2007 to 2017, a senior government official said.
“(And) to encourage private participation, the Indian Government has launched several initiatives,” said Dr. Kumar V. Pratap, Joint Secretary (IPF), Department of Economic Affairs.
“India aims to raise the investment in this sector to US$200 billion every year from the present level of US$110 billion,” he said at the one day thematic Seminar on “Private Sector Participation and Innovation in Resource Mobilisation”.
“Developing at an extremely fast pace, India’s Infrastructure Sector has received an investment worth US$1 trillion in the period from 2007 to 2017, of which, more than a third of this capital was contributed by the private sector,” said Kumar.
Schemes such as the Brownfield Asset Mobilization for Infra Investments (BAMII), Credit Enhancement Fund for raising Bond Ratings issued by infra companies and the New Credit Rating scale for infrastructure projects creates opportunities for private investors, thereby promoting a steady flow of financial resources into this sector.
The Seminar was hosted on 11 June 2018 in Mumbai by the Finance Ministry, in collaboration with Research and Information System for Developing Countries (RIS) as knowledge partner in partnership with Federation of Indian Chambers of Commerce (FICCI). fii-news.com