Finance Minister Nirmala Sitharaman’s push for a ₹100 lakh crore investment in infrastructure is a welcome move but questions over execution remain.
Sitharaman in the Budget speech said that an action plan to deepen the market for long-term bonds, including for deepening markets for corporate bond repos, credit default swaps, with specific focus on infrastructure sector, will be put in place.
The Minister also laid emphasis on infrastructure development funds, deepening of bond market and expressing intent to consolidate relationships with global pension and sovereign funds to meet the long-term investment requirements in infrastructure sector that can pull in more investment. This is coming in the backdrop of the government struggling to sell road assets under the toll-operate-transfer model, which it has now opened up to private operators.
