Industry & Economy
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Infrastructure
`Prepare infrastructure projects fast for pvt investment'
G Naga Sridhar
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For securing private investments
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Hyderabad
April 12
To tap private investment for infrastructure projects, the Government should speed up preparation of projects and make them available for private investment, according to experts.
Contrary to the commonly held belief that there could be dearth of funds to meet the estimated investment to the tune of over $320 billion in India, generation of funds would not be a problem while the preparation of projects should be speeded up, said Mr Ramnath Iyer, Director (Infrastructure Advisory), CRISIL Ltd.
Mr Iyer was speaking at a two-day workshop on public private partnership for infrastructure development jointly organised by the National Academy of Construction (NAC) and the Andhra Pradesh Government here on Thursday. "Over the 11th Plan period the Fiscal Responsibility Bill will ensure that the State budgets in the country would have a zero per cent revenue deficit and it is estimated that this could garner funds of over $225 billion. The private sector is capable of pooling in the remaining $95 billion," he observed.
Global private equity players like Blackstone were drawing up private equity plans while majors like L&T are coming up with Infrastructure Funds, Mr Iyer said. "But, there is already 18-24 month time lag in plans and projects should be immediately prepared for private investment," he added.
Earlier, in the inaugural session, Mr T. Chatterjee, Principal Secretary, Department of Transport and Buildings, Andhra Pradesh Government, said the public-private partnership route should be seen independent of Government's leadership.
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