The Hindu Business Line : Infrastructure upgradation

This is with reference to "Is the glass half full or half empty?" (Business Line, March 9). The author's comment that the enabling environment is essential for the successful implementation of infrastructure upgradation, is appropriate. However, to imply that nothing has been done will belittle the achievements in terms of competitive offers coming in by way of "negative grants" in highway projects and the investor appetite for large public-private partnerships in airports and mega power projects.

Even to achieve the targeted completion of the projects already commenced, increased mechanisation is needed. This would call for mobilising large, sophisticated construction equipment machinery. In some capital equipment segments, the existing capacity is fully booked and we need to look at imports. Developers, as in the case of power projects, make commitments to offer competitive prices based on imported equipment with better efficiency and earlier delivery. The Government has, thus, rightly announced the roll-out of support for these initiatives, by committing to use the forex rrserves.

Balakrishnan V.

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