ALL >> Investing---Finance >> View Article
Evolution Of Infrastructure Finance In India
Total Articles: 3
Infrastructure companies in India invest in the infrastructure sector, which is one of the main drivers of the Indian economy. The infrastructure sector has a great responsibility for pushing India’s overall development ahead and enjoys intense attention from the Government of India. The Indian Government has made a lot of efforts to ensure that world-class infrastructure develops in India within adequate timeframes. The Government has done this by initiating and developing policies to quicken the pace of infrastructure development and to help infrastructure companies in India succeed and propel the nation forward.
The Infrastructure sector comprises sectors such as bridges, power, roads, dams, and urban infrastructure development.
India enjoys a high budgetary allocation for the development of the infrastructure sector. The Government of India provided an enormous push to the infrastructure sector in the Union Budget of 2017-18 by allocating US$ 61.92 billion for the infrastructure sector.
The country has also seen the infrastructure sector witnessed a rising number of infrastructure-related deals by infrastructure companies and infrastructure finance companies. There were 33 deals totalling US$ 3.49 billion in FY2016-17 as against US$ 2.98 billion raised in FY2015-16 from 31 deals. The majority of these deals were within the roads, power, and renewable sectors.
The growth of most developed economies has been led by the expansion of economic activity from the metros to more rural towns and cities. Prime Minister Narendra Modi has rolled out a huge plan to do with creating smart cities in India. This will require the participation of infrastructure companies and infrastructure finance companies in India.
Speaking at the ET India Infra Summit in 2017, Indian Minister of Urban Development, Mr M Venkaiah Naidu elaborated on how the creation of smart cities will depend on the leadership provided by Government and the private sector. He said: “Wherever there is a good CEO of a smart city, where there is a good special purpose vehicle (SPV), or a good municipal commissioner, or a good mayor or a state chief minister who is visionary, things are moving faster. In other places, in spite of all my attempts, things are not moving. So, you need proper men, proper leadership. In the coming days the Smart Cities, the AMRUT (Atal Mission for Rejuvenation of Urban Transformation) Cities, the HRIDAY Cities, housing for all and then this Swachh Bharat, all these things will get further momentum.”
Infrastructure development is the backbone of the Indian economy and requires both government and private efforts to ensure that India develops world-class infrastructure. Infrastructure companies will continue to remain at the forefront of this push to develop and modernize India’s infrastructure.
The author of this article discusses the evolution of infrastructure finance and the role of infrastructure companies in India in the growth of infrastructure development.
Investing / Finance Articles1. Advantages Of Export Documentation
Author: Laural Smith
2. Option Trading - A Free Style Of Trading In India
Author: Mahendra Rajput
3. How Stock Market Advisory Firms Are Helpful In Trading
4. Fundamental Analysis Of A Company
Author: Aniket Vichare
5. Important Factors To Know About The Sme Loan
Author: Manish Damani
6. Buy A Perfect Refrigerator On Emi This Summer
Author: Meenal Wahi is involved in finance and loan manage
7. Services From Vat Consultants
Author: Nidan Narkhade
8. Financial Consultant A Must For Every Business Set Up
Author: Aastha Kapoor
9. Things You Should And Should Not Do While Making An Investment In The Stock Market (for Beginners)
Author: Stella Ross
10. Earn Profit From Sureshot Commodity Tips Provided By Ripples Advisory
Author: Riyanshi Tanwar
11. Get Online And Accurate Mcx Free Tips And Nifty Option Tips
Author: Sandy Allen
12. Cash Trading In Stock Market
Author: Mahendra Rajput
13. Find The Best Fund To Invest In Sip Now
Author: Jignesh Shah
14. Indiakaloan-loan Against Property
Author: ranjeet kumar
15. What Is The Future Of Cryptocurrencies?