Financial Daily from THE HINDU group of publications Saturday, May 27, 2006 |
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Industry & Economy
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Infrastructure States - Kerala `Efforts on to cut infrastructure deficit' Our Bureau
Thiruvananthapuram , May 26 India has an infrastructure deficit, but this is being addressed quietly but effectively, said Mr Ashok Jha, Secretary, Department of Economic Affairs, Ministry of Finance. Speaking on `Infrastructure development in India - some reflections' at the annual lecture organised by Kinfra, he said that the Centre and the States must work together to develop infrastructure. This is required if the country is to achieve a GDP growth rate of over 10 per cent per year, he added. Inadequate expenditure on the development of infrastructure has led to an infrastructure deficit in the country. But over the past few years, the Government has taken measures to reduce this deficit, he said. In his lecture, Mr Jha traced some of the measures taken to improve infrastructure in sectors such as ports, civil aviation, Railways, power, and highways.
Roping in private sector
The Government has also taken various measures to encourage public-private partnerships to improve infrastructure, he said. As part of its efforts to improve infrastructure, the Government is now asking States to create public-private partnerships in the sector. Similarly, State Governments are being asked to take other measures such as appointing nodal officers for infrastructure development and identifying capacity building needs in each State and communicating these requirements to the Department of Economic Affairs, he said. Infrastructure is built in the states, and State Governments must look at it in a positive manner, he added.
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