India experiences unlimited investment opportunities in infrastructure segment

KOLKATA, India - May 17, 2013 - PRLog -- P Chidambaram, Finance Minister of India, has assured the investors saying that there are indefinite investment scopes in infrastructure segment as India requires additional roads, airports and seaports to improve its transport network system.

India can be distinguished from other developed countries in the world as India comprises of so many extended kilometres of road, so many airports, so many seaports as well as so much more capacity of steel, mining, power.

By pointing out to the recent price hike, he told that inflation has dropped harshly in the last two months and the position is better in the month of April and it is anticipated that the core inflation having reached at zero level.

Inflation, based on the Wholesale Price Index, cut down to 41-month low of 4.89 per cent in April owing to reduction in prices of food items as well as fruits and vegetables. It went to 5.96 per cent in March. In April, 2012, it was 7.50 per cent.

Manufacturing inflation or core inflation went to 3.41 per cent in April.

India necessitates s investment be valued at $1 trillion in the 12th Five Year Plan ending March 2017 for expansion of several infrastructure projects.

The allocation of infrastructure investment in GDP is supposed to reach in excess of 10 per cent by the end of the 12th Plan.

Indian Government has formed a Cabinet Committee on Investment (CCI) in recent times which will act efficiently to make quick clearance of big infrastructure projects.

CCI has already cleared investments covering $27 billion throughout the current financial year.

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Published by
Rajib Dey
http://www.loadjunction.com
(An online freight rate exchange portal for Indian transportation Industry)