Infra key to growth
The Union Finance Minister Arun Jaitley said that infrastructure is key to growth of economy and called for an institutionalized forum amongst BRICS countries that could serve as a regional knowledge hub with exchange of information facilitated through cloud sharing, and other electronic methods.
Jaitley said that projects in transportation sector will be area of mega economic activities in India’s infrastructure development.
Investment, both from public and private sector, will be required for infrasturucture financing, especially in areas of health, education, sanitation, renewable energy, highways, ports and railways among others, said the Finance Minister at the Inaugural Address of BRICS India 2016 seminar on “BRICS Seminar on Best Practices in Public Private Partnerships (PPPs) and Long-term Infrastructure Financing” in New Delhi on September 22, 2016.
He stressed the need for BRICS member countries – Brazil, Russia, India, China and South Africa – to share their experiences in financing and delivery of infra projects so that they can collectively move to higher quality and efficiency in the delivery of public services.
Earlier in his welcome address, Secretary, Department of Economic Affairs, Shaktikanta Das said that National Investment and Infrastructure Fund (NIIF) will play a pivotal role especially in infrastructure financing of projects in areas of ports, highways and railways, in particular. fii-news.com
