New Delhi: The Indian government seeks overseas investment for infrastructure projects worth over USD 75 billion in sectors like power, roads and railways over the next few years.
A DIPP paper — Investment Opportunities in India said, “As many as 26 projects worth USD 3.6 billion are in final preparation stages before implementation, 9 are ready to be bid out and 16 are at various stages of the bidding process.” The value of roadways and bridge infrastructure in India is expected to grow at a CAGR of 17.4 per cent between 2012-17, to reach USD 10 billion.
It said, “The PPP model will continue to be the favoured way of executing the remaining NHDP phases.” There has been an unprecedented increase in cargo handling capacity from 575 Million Metric Tonnes (MMT) in 2009 to 800 MMT in February 2014. As part of the government’s efforts to actively focus on development and upgradation of capacities across all coastal states projects in shipping for the next few years worth USD 9 billion will be implemented.
