Public-private projects can provide stimulus: AssochamApril 15th, 2009 - 5:39 pm ICT by IANS
New Delhi, April 15 (IANS) The public-private partnership (PPP) projects in the infrastructure sector in various states will provide a Rs.200,000-crore stimulus for the Indian economy, a study by an industrial lobby released Wednesday said.
According to the study by the Associated Chambers of Commerce and Industry (Assocham), the PPP projects - especially roads, real estate, power, ports and transport - have tremendous potential to unleash higher growth rate if the investment outlays are utilised effectively.
Assocham president Sajjan Jindal said the ongoing projects, valued at over Rs.133,600 crore, would stem the steep fall in India’s growth rate in 2009-10.
“The government also needs to ensure that the pipelined projects do not face political hurdles and projects worth nearly Rs.82,000 crore gets rolled into the under-construction mode smoothly,” the report added.
The report said the top five infrastructure sectors - roads, real-estate, power, ports and transport - would together account for more than 83 percent of the total outlay.
“Roads and real estate sectors together add to more than Rs.86,000 crore. The construction activity in these sectors would also lead to greater job creation,” it added.
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