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
Latest posts by Financial Express (see all)
- Delhi to Chandigarh in 3 hours! This luxury train in Indian Railways new time-table will make it possible - August 18, 2018
- Coal India Rating: Q1FY19 results made for a mixed bag - August 18, 2018
- Capex Plan: ONGC Is Spared New Impost - August 18, 2018