Lohit Bharambe and Abhijeet Gosavi sniff around the burgeoning infrastructure sector and come up with this exhaustive report.
During the 30 months of Narendra Modi-led NDA government in the Centre, the biggest push has been given to the infrastructure sector. Modi known for his weakness towards urban infrastructure and also roads, ports sectors since his days as Chief Minister of Gujarat, is albeit continuing his focus on the infra development, this time his activities are not confined within Gujarat but across the length and breadth of the country. Several key road projects worth thousands of crores are being executed under the leadership of his trusted lieutenant, Nitin Gadkari while Modi’s another trusted man, Venkaiah Naidu has been assigned the task of working towards a better urban infrastructure across the country. The end result will not only improve the living condition of ordinary citizens but also strengthen balance-sheets of the infrastructure majors and even smaller players in the sector. In addition to all the direct efforts made by the Centre, reforms like debt arbitration schemes, further push from NITI Aayog, RBI’s S4A scheme will be infusing further life in the infra entities. Obvious, these steps will augment liquidity and may give oxygen to suffocated infrastructure companies in the county.
The government’s target is ₹25 trillion investment in infrastructure sector over a period of three years. This will include ₹8 trillion for developing 27 industrial clusters and an additional ₹5 trillion for road, railway and port connectivity projects.
This story is from the October 02, 2016 edition of Dalal Street Investment Journal.
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This story is from the October 02, 2016 edition of Dalal Street Investment Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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