A study by IL&FS has put the immediate requirement of funds for the development and improvement of infrastructure facilities in India at $500 billion.
The financial services company also recommended greater private participation in this sector.
Detailing the achievements of the private sector at the India-Asean Business Summit on Friday, the IL&FS report said 10 per cent of landline phones and 90 per cent of mobile phones in India had been installed by the private sector.
Also, approximately 7,500 MW of power capacity has been put up by independent power producers. The report added that three new ports had been set up by the private sector, while a number of public ports are up for privatisation.
An expert group has pegged the demand estimates for basic telephony in India at 46.3 million by 2005.
Consumption of petro products is set to rise to 155 million metric tonnes by 2006-07 and investment worth $100-150 billion will be required in the area in the next 10-15 years.
Investments of up to $118 billion are required in the roads sector in India in the next few years.
So far, private participation in the sector is to the tune of $7 billion.
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