Infra builders upbeat on Rs. 7,00,000-cr stimulus

    Infra builders fund
    A whopping Rs. 7,00,000 crore stimuli recently announced by Finance Minister drew accolades from infrastructure builders across the country. They believe that the investment push will not only boost the economy but also pave the way for huge job generation prospects, besides playing a role in the logistics sector down the line.

    Infrastructure players and rating agencies have given thumbs up to the move. The capital stimulus package for banks would definitely help in the revival of infrastructure projects, especially in the roads sector, where fundamental issues have been identified and solutions thought through. New projects will definitely take off and many projects stranded for last-mile funding are also likely to see a revival. The results should be visible as early as next fiscal as the banks would need to bring in more rigors in project appraisal and will also need to act swiftly to avoid delays and cost overruns as seen in the past, said Senior Director with Alvarez & Marsal, R Venkataraman. Director of Ramky Infrastructure said that the government is trying to catch up with the down trend in the economy by announcing the stimulus package. Having taken five major decisions – demonetization, GST, RERA, Insolvency and Bankruptcy Code and the Benami Act in less than 12 months – it is now focusing on economic growth with this package to boost growth. These decisions have had profound impact on the economy in the near-term and will play pivotal role in accelerating growth, he added.
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