SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 22 Nov, 2014  

economy.thumb.jpg 'Government needs infra push to catalyse economy'

rana.kapoor.assocham.president.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 22 Nov, 2014
In its bid to catalyse the Indian economy, the government will require consistent infra push, Rana Kapoor, managing director and CEO, Yes Bank and Assocham president said New Delhi Friday.

"India will require consistent infra push and development all the way up to 2050. India has a 9-10 percent economic growth story, and this can be actualized with the current government's vision and action oriented approach, as seen since coming to power," he said.

"Make in India with design and innovation will translate to create in India. The current atmospherics are fantastic and very positive and the government's moves have started transforming the economic landscape to attract more big ticket investments," Kapoor said.

He, however, said there are key constraints to the public-private-partnership (PPP) model, especially as far as the quality of bank funding is concerned, which is a major determinant of the eventual success of infrastructure development.

Kapoor said there is a definite need to project more finance institutions in the country, as the three largest project finance companies have now turned into retail banks.

"PSU (public sector undertaking) banks, given their pre-eminence in the economy with over 70 percent market share, need to be a lot more efficient. We also require a lot more streamlined credit risk management and sectoral focus in the PSU banks," he said.

Talking about the ways to ensure success of PPP projects he suggested that there is a need to improve sector and region specific regulations, introduction of a mechanism to avoid over and unrealistic bidding by corporates and enable contract renegotiation and amendment of land acquisition norms on the lines of British Planning Act of 2008.

He said better planning and technical expertise are required for successful PPP projects and replication of key global best practices in the Indian ecosystem is important.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter