Policy push needed to foster investments in infra sector, says outgoing Power Secretary

The slow pace of economic growth stems from a stunted return on investment for large infrastructure projects, according to outgoing Power Secretary SC Garg.

In a letter posted on Twitter, Garg said that there is very little investment taking place currently in India’s infrastructure sector, despite this the huge opportunities in that area.

“There is an enormous unmet demand in housing, roads, airports, railways, energy, irrigation in almost every infrastructure segment. Yet investment in infrastructure has got almost stalled,” he said.

“Businesses do not see opportunities in several infrastructure sectors for the present,” he said.