India needs Rs 50-tln investments in infrastructure: CII


India needs Rs 50-tln investments in infrastructure: CII

 The infrastructure sector in India would require about Rs 50 trillion ($778 billion) by 2022 as a key growth driver for sustainable development across the country, said an industry official on Tuesday.

“The infrastructure sector, comprising core sectors like power, roads, highways and renewable energy, will require Rs 50-trillion investments over the next 4 years to have sustainable development in the country,” said Confederation of Indian Industry (CII)’s Karnataka unit Chairman N. Muthukumar at a day-long conference here.

Participating in the CII annual conference on infrastructure themed “Impact of Technology on Infrastructure Development&Changing Workplace”, Muthukumar said while core sectors would drive the investments in the years to come, with proper infrastructure, land use by industries could be reduced by 40 per cent. Read More

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