India Inc seeks a boost in public infrastructure funding to tide over the pandemic

NEW DELHI: The Indian industry has sought fresh measures through public infrastructure investment stimulus which will have a multiplier effect on increasing disposable income, generating demand and boosting private sector investments.

“We strongly believe that the government should come out with a massive public investment stimulus sooner than later to help facilitate and complete the pipeline of national infrastructure projects of Rs 100 lakh crore,” the Bombay Chamber of Commerce and Industry suggested to Reserve Bank of India governor Shaktikanta Das, during pre-consultations for the monetary policy expected next month.

A combination of borrowings from central public sector enterprises (CPSEs) and central government could be considered to finance the stimulus, which in turn could be channelled into relevant projects, said the industry body.