It is time infrastructure managers started adopting the best practices in project execution, says Vinayak Chatterjee.
What's really interesting is that during the 10th Plan, about 25 per cent of the total investment in infrastructure came from the private sector, says Vinayak Chatterjee.
A draft of the infrastructure portion of the Budget speech for Pranab Mukherjee's consideration.
Strangely, no consolidated figures on infrastructure investments made on ground are ever disseminated by any official arm of the Government of India.
The bugles are sounding for efficiency of project delivery in the public sphere and about creation of bankable projects in the private sphere. Both have to ultimately do with governance and management in the public system. And this is clearly the Achilles's heel of infrastructure, says Vinayak Chatterjee.
Government should also look for government-to-government collaborations like the Japanese financing of Delhi Metro, and now the proposed Delhi-Mumbai freight corridor.
The burgeoning Indian market, if handled smartly, offers a challenging opportunity for value creation.
Infrastructure with private capital is clearly the global growth driver. China and India occupy centre stage.
The Economic Survey 2007-08 has some interesting insights for infrastructure aficionados.
Allocations for new projects have diminished in relative importance, but policy pronouncements continue to have an impact. To come straight to the point on outlays, the table shows that against the country's requirement of $100 million per annum (as per the 11th Five-Year Plan), the Union Budget is able to provide only about 5-6 per cent of the requirement in 2008-09. How does this 5-6 per cent come about?
A unique development in Pune has lots of lessons -- but not all of them are easily replicable.
One wing of the government's definition of what constitues infrastructure is different from that of another and this needs to be resolved fast.
The amount involved is just 3.6 per cent of our forex reserves and the gains to be made are huge -- not to try the idea would be foolhardy.
The biggest lesson is in creating bankable projects with the government getting major clearances, leaving private firms to deliver on what they do best.
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