L&T Holdings N Sivaraman: New govt should kick-start projects in key sectors
During the course of a recent interview with Business Line, L&T Finance Holdings’ President and Director N Sivaraman said that the new government should take decisive actions to kick-start projects in crucial sectors like infrastructure, roads and, power.
According to Sivaraman, it is imperative the that the government speeds up the clearance of pending projects in key sectors, even if there are slippages in fiscal deficit in the near future.
Pointing out that several projects in the power sector are stranded because of lapses in decision-making, Sivaraman said that decisive actions should be taken by the government so that the logjams in existing projects are removed without any further delays.
In addition, Sivaraman also asserted that it is essential that the government focuses on the transportation and infrastructure arena, in which the steps taken in the last 18-24 months are near negligible. He added that clearance for mining activities is also important because these activities have been stalled for quite some time now.
Sivaraman said that the implementation of projects in key sectors will require the government to “find a resolution to issues of capital availability and make some judicious sacrifices.”
Suggesting that “NHAI should start awarding contracts on EPC basis (instead of BOOT basis),” Sivaraman said: “NHAI could later on convert these into BOOT projects as the environment improves.”
Source – The Hindu Business Line
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