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Attracting private investment key to push infrastructure

DNMUM439174 | 7/12/2019 | Author : Manish Agrawal | WC :641 | Business & Economy



The Union Budget recognises the need to ramp up infrastructure investments to Rs 20 lakh crore a year, to put India on the 8% growth trajectory.
Achieving this will need significant and rapid growth in private investments in infrastructure. In Railways, for example, the Budget points out that the annual requirement would be five times the current allocation of Rs 1.5-1.6 lakh crore a year. The finance minister has proposed an expert committee to recommend measures to channel long-term private capital to meet this need.
In the Railways, a significant role of public-private partnership (PPP) is envisaged in completion of tracks, rolling stock manufacture and delivery of passenger and freight services.
Though Railways
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