The government is focused on developing infrastructure in the country and it cannot be done without the help of private players in the market, according to Montek Singh Ahluwalia.
Importance of Infrastructure Development
The government acknowledges that infrastructure is a complex area. It is essential that infrastructure remains a key focus. As outlined in the 11th Five-Year Plan, infrastructure is crucial.
Role of Private Sector
Given the limited resources of the government, the required infrastructure cannot be delivered if the government relies solely on the public sector.
Achievements in Infrastructure Sector
There have been significant achievements in the infrastructure sector, with several major successes.
Cabinet Committee on Investment
Last year, the Cabinet Committee on Investment (CCI) was established to expedite clearances for infrastructure projects. "There was a need for a special problem-solving mechanism, and it was recognized last year and the government set up the CCI," Ahluwalia said. "Out of 330 projects, at least 150 projects have received these regulatory clearances."