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Home Asia News Increasing Private Sector Participation Vital for India’s Infrastructure Sector

Increasing Private Sector Participation Vital for India’s Infrastructure Sector

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Increasing Private Sector Participation Vital for India’s Infrastructure Sector

India is set to invest INR 143 trillion (US$1.72 trillion) in infrastructure from 2024 to 2030, aiming to boost its economy to US$7 trillion by 2030. The FY 2024-25 budget allocates INR 11.11 billion (US$13.4 million) to infrastructure. Initiatives like the National Infrastructure Pipeline and the PM Gati Shakti Master Plan are pivotal. Despite limited foreign investment, Japan shows interest in key projects. Enhanced government measures, including liberal FDI policies and PPP models, aim to attract private and foreign investments. Infrastructure investment is central to India’s economic growth, fostering international partnerships and technological advancements.