CII pegs infra investment worth ₹50-tr by 2022

    Infrastructure
    The infrastructure sector in India requires a whopping amount worth ₹50 trillion ($778 billion) by 2022 as a key growth driver for sustainable development across the country, said an industry official, adding that the Indian infrastructure sector, comprising core sectors like power, roads, highways and renewable energy, will require huge investments over the next 4 years to have sustainable development in the country, Confederation of Indian Industry (CII)'s Karnataka unit Chairman N. Muthukumar, who is also President of Automotive Axles, said recently. He further added that the core sectors would drive the investments in the years to come with proper infrastructure land use by industries could be reduced by 40% as infrastructure development influences the overall development of the economy. On this score, the private sector is emerging as a key player across segments, from roads and communications to power and airports. Noting that the infra sector is critical to propel growth, Volvo India Managing Director Kamal Bali said as good infrastructure and logistics are pre-requisites for a healthy economy, India has a long way to go on this score.
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