Without infrastructure there can be no industrial growth. Realizing this is important the government has envisaged a huge investment of USD 1 trillion in the infrastructure arena during the 12th plan period, translated this number means big business for players operating in the infrastructure space. Unfortunately it seems to be a catch 22 situation. Easy availability of long term finance at a very competitive rate to make project viable at an early stage is an issue.
Clearly the need of the hour is access to multiple source of financing. While take of financing has finally happened yet the industry experts feel there is a need to create a new class of instruments that will give big boost to infrastructure financing. Is that new class of instrument doable? ThatDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
