India would need to spend about ?50 lakh crore between fiscal 2018 and 2022 to build its infrastructure in a sustainable manner, rating agency Crisil said.
“India will see close to ?3,000 crore investment per day in infrastructure sector, and 56% more than the ?37 lakh crore projected spend between fiscals 2013 and 2017,” said Ashu Suyash, MD and CEO, Crisil Ltd. while unveiling the agency’s Infrastructure Yearbook 2017.
“Spending of such magnitude requires expeditious resolution of the problem of stressed assets in banking, front-ending of bankable projects, comprehensive re-tooling of public-private-partnership frameworks, and deepening of the infrastructure financing ecosystem, which is of tremendous importance,” she said.
The report comes two days after the Centre announced it would spend about ?7 lakh crore to build more than 83,000 kms of highways by 2022...Read more
Source web page: The Hindu