Infrastructure sector to get a special place in the 12th five year plan
S B Nayar, chairman and managing director, IIFCL (India Infrastructure Finance Company Limited) is hopeful about the infrastructure sector with the shift in electoral charge. He mentioned that in the recent past, particularly last year, there hardly has been any investment in this sector by the UPA Government.
He also feels that there should be a steady investment in this sector as no other country in the world requires as much infrastructure as India does. And this is contributed by the sheer size and complexity of our demography. In the next 5 years, infrastructure development in India can absorb a whooping amount of a trillion dollars. The initial projections for infrastructure sector in the 12th Five Year Plan (FY13-17) were approximated at US $ 1 trillion. Nayar is also hopeful that this massive investment potential in the infrastructure sector will be a boon to the employment market as there will be new jobs and positions created.
Source- Hindustan Times
IIFCL, India Infrastructure Finance Company (IIFCL), mechanism proposed by the IIFCL, UPA government
