BIG WINS

Infra projects are seeing novelties and contractors and equipment makers are leading the way

- Molly R

India is emerging to become a global leader in investing in world-class infrastructure projects, in view of con-crete plans set out in the 2021 Budget. Current trends suggest a boost in infrastructure spending that shall also facilitate infusion of overseas capital for investments in other sectors and an availability of credit for infrastructure projects.

The government’s National Infrastructure Plan for 2019 to 2025 has already supported more than 9000 projects having a total project cost surpassing $1949 billion. The National Infrastructure Pipeline is a live database of infrastructure projects and provides attractive investment opportunities in projects worth more than Rs 100 crore in sectors including transport, logistics, energy, water and sanitation, communication, social and commercial infrastructure.

DREAMING BIG

Today, with sustainability in projects being put in priority, there are emerging new classes of infrastructure, such as green hydrogen projects. Recently, Larsen & Toubro tied up with ReNew Power for similar projects. SN Subrahmanyan, CEO & MD, L&T, had said, “We will jointly develop, own, execute and operate green hydrogen projects in the country and in nearby countries. Green hydrogen is a promising alternate fuel and an important lever for achieving a cleaner future. L&T is extremely keen to add value in this space beyond the traditional EPC approach and is looking forward to working with ReNew.”