PROJECT INVESTMENTS SEEN UP
India witnessed 37% growth in project investment in 2008-09 and going forward, the pace of these fund infusions will remain moderate in this financial year as well, a survey says. According to the survey of project investment in India by ProjectsToday, as of March 31, 2009, there were 29,628 projects worth Rs 42,35,484 crore, a rise of 37.4% in terms of investment and 29% increase in terms of number of projects over the year ago period. As of March 2008, the country had 22,883 projects worth Rs 30,83,264 crore. ProjectsToday expects the public sector to continue its investment activities during 2009-10 in critical infrastructure sectors.
Published in DNA dated 11 April 2009