The National Investment and Infrastructure Fund (NIIF) today said the country needs an investment of up to USD 1 trillion in the infrastructure sector in the next two to three years. “In the next two to three years, we need total investment of USD 800 billion to USD 1 trillion in infrastructure,” its chief executive Sujoy rpt Sujoy Bose said at at a finance ministry-organised seminar here. He said resources are required both in tangible infrastructure assets as well as de-leveraging by companies saddled with high debt.
Bose said there was “hubris” in the years between fiscal year 2004-05 to 2011-12, which witnessed poor underwriting that hurt banks later through bad assets on books and companies getting leveraged a lot higher. From FY13 onward, there has been a decline in the infrastructure sector investments, Bose said. He exhorted the private sector to do more, saying that the government is leading the investments at present. Read More