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Private sector to chip in for infra development
28 December 2010: The private sector is likely to chip in with $500 billion (approx Rs 22.50 lakh crore) for development of the infrastructure sector during the XII Plan (2012-17).
During the XI Plan (2007-12), the Minister said, the government tried to scale up investment in the infrastructure sector to 7.1 per cent of the Gross Domestic Product (GDP) with the private sector contributing about one-third of the total envisaged investment of about $500 billion.
The contribution of the private sector in development of infrastructure was only one-fifth during the X Plan.
Further, the government has decided to include a ‘disclosure statement' in the annual budget for all annuity PPP projects.
The government would extend knowledge support for the PPP projects through three initiatives which were preparing training modules for capacity building; make available online tool kits; and address communication related challenges.
Source: Hindu