Business Daily from THE HINDU group of publications
Monday, Aug 07, 2006
Business Daily from THE HINDU group of publications Monday, Aug 07, 2006 |
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Industry & Economy
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Infrastructure Infrastructure sector needs $331-b investment: CII Our Bureau
New Delhi , Aug. 6 The total investment requirement in the infrastructure sector of the country would be $331 billion over the next five years, according to estimates in a study conducted by the Confederation of Indian Industry (CII). Hence, the annual investment in the sector would need to increase every year from $47 billion in 2006-07 to $84 billion by 2010-2011, the study said. The chamber also believed that there was need for evolving a mutual roadmap among the Central, State governments and the private sector for drawing an overall investment plan in infrastructure. An understanding of the investment's break-up and the time-frame would enable the constituents, especially the private sector, to accept a target for bringing in its share of the total investment, according to the chamber. It also said that the approach paper to the 11th Five Year Plan correctly recognised that the investment in infrastructure needs to be increased from a current level of 4.6 per cent of GDP to between seven and eight per cent during the Plan period.
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