subject: Infrastructure and the Investment climate in India [print this page] India economy seems to be in its most positive note of development, as it witnesses overall infrastructure development, with companies in India and that from abroad demanding better infrastructure quality. The tempting and prosperous investment climate in India is reaching out to all corners of the globe. The investment climate in India is the most conducive market for companies to invest especially with focus on infrastructure sector which has given an impetus to the companies in India. The companies in India are utilizing the potential created by availability of better infrastructure developments.
The recently held Commonwealth Games (CWG) also led to increased Infrastructure developments with regard not only to flyovers, metro lines, a new airport terminal but also infrastructure related to Sports. These infrastructure developments have created a much healthy investment climate in India, not only for the companies in India but also for companies coming from abroad and investing in India.
It is on these lines that the globe has become a more accessible place for companies in India including infrastructure developments related to IT. Significantly, Mr Pranab Mukherjee, Finance Minister expects around 50 per cent of the total spending on infrastructure to come from the private sector by 2012. The great advantaged of infrastructure is not only better transportation, accessibility or connectivity but also helps in improving the investment climate in India. Recently, riding on the investment companies in India, RITES (Rail India Technical and Economic Services) has expressed interest in offering its services in the infrastructure development including airports, roads, ports, railways, and mass rapid transit programmes in Kenya.
The Investment climate in India is one of the most significant factors especially during the global meltdown period. The infrastructure in India is coming to the international standards as the companies in India are ready to provide and compete the global markets besides the domestic markets.
Furthermore, the infrastructure developments in the Science and Technology sector is also reaching new heights and it is these infrastructure developments, which are leading the companies in India are witnessing a surge in funds from FII's. Additionally companies in India like the Pune-based Thermax, has initiated a solar project at a village in Chakan near Pune, in association with the Department of Science and Technology at a cost of US$ 2.84 million to electrify the village. It is the science and technology sector, which forever provides inputs to the investment climate in India a boost.
Significantly, the science and technology sector includes nano technology, renewable energy, space sector besides other infrastructure related sectors. The investment climate in India being conducive and open to be harnessed is all ready for companies in India and that from abroad. In all the presence of good, sophisticated and latest technological infrastructure will attract the foreign firms to have their respective companies in India, besides reaping the benefits of the lucrative investment climate in India. Thus, concluding the investment climate in India to be of great potentials, which is offering potentials in infrastructure developments over a large base of sectors.
Infrastructure and the Investment climate in India
By: Jajati Patro
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