Chennai:
The Union government is expecting Rs 25 lakh crore
investment from private sector in the infrastructure during the 12th
five-year plan, according to Union Shipping Minister G K Vasan.
Addressing the conference ‘Thriving in an Imbalanced
World’ organized by Confederation of Indian Industry here on Saturday, Vasan
said during the 12th plan infrastructure investment is expected to
go up to Rs 50 lakh crore and the Union government is aiming to attract a
contribution of 50 per cent from the private sector.
He said the strategy of the government is to increase
investment in infrastructure through a combination of public investment and
public private partnerships.
He also said that as many as 17 rail connectivity
projects to ports have been sanctioned in the rail budget and if executed these
projects can result in a huge boost to India’s current growth rate.
He also said that cargo handling is projected to increase
significantly at all ports during the 12th plan and the immediate
focus has to be on building vibrant, efficient and safe ports and shipping
services besides a strong base for shipbuilding industry.
CII president B Muthuraman highlighted the volatility and
unpredictable business across the globe and need for businessmen to adapt and
be flexible.
Boston Consulting Group study ‘Thriving in a Volatile
World’ was released during the occasion. The report highlighted how the world
has changed in the last four years becoming more volatile and unpredictable besides
creating a ‘new normal’ and that building adaptive advantage will be a single
most important tak that CEOs will have to focus on.
No comments:
Post a Comment