 |
Mumbai: India is envisaging an investment of USD 150 billion from the private sector over the next few years to develop the much-needed infrastructure projects, a top Government official said on Wednesday.
The Government has also set a target to spend about USD 518 billion to build highways, roads, ports and sanitation facilities by 2012, said Gajendra Haldea, Adviser to Deputy Chairman of the Planning Commission.
"Our projections of how this money would be raised suggest that 30 per cent is expected to come from the private sector, that is USD 150-billion will come over the next 5-6 years," Haldea said at a conference in Mumbai.
While 30 per cent of this envisaged spend would come from budgetary resources, the remaining 40 per cent will come from commercialised budgets of state-run firms like NTPC and PowerGrid, he added.
Haldea said India needs to scale up its GDP spend on infrastructure to nine per cent from the present five per cent.
He said private investment in infrastructure was set for a quantum leap in the 11th Plan (2007-12) because markets like India offered huge opportunities and higher returns on capital.
More from Infrastructure
Discuss this story on expressindia forums | |
 |  |  |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2010: The Indian Express Limited. All rights reserved throughout the world
