Infrastructure Industry

Infrastructure Industry

Infrastructure Industry

Infrastructure sector is a key driver for the Indian economy. Infrastructure includes power, bridge, dam, road and urban infrastructure development. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. The Government of India has earmarked substantial amount of fund for developments of 100 smart cities across the country. The Department of Industrial Policy and Promotion has set up an online monitoring system for on-going projects under the Industrial Infrastructure Upgradation Schemes. The Reserve Bank of India has notified 100 per cent foreign direct investment under automatic route in the construction sector. The Government of India has relaxed rules for foreign direct investment in the construction sector by reducing minimum built-up area as well as capital requirement. The Indian power sector provides immense opportunities of investment in power generation, distribution, transmission and equipment. The World Bank has approved debt funding for a part of the eastern arm of the Dedicated Freight Corridor project in India.