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Is Infrastructure, the new growth driver?

Created by : Isha Verma, Sales/BD Manager, Larsen & Toubro  | 03 11 2010 07:19:08 +0000
Industry : Industrial Products/Heavy MachineryFunctional Area : India(Markets)
Keywords : investment government infrastructure public sector private sector growth driver
Activity:  252 views;  last activity : 07 06 2010 20:18:09 +0000

Many prople in India think that infrastructure can be the next driver of growth, and companies in this sector could grow the same way as software companies like Infosys and Wipro grew for much of the past decade. An investment of $500 billion is going to happen in infrastructure, with government bringing 70%. The private sector is increasingly playing a major role in this sector.

The National Highways Authority of India (NHAI) is widening 54,000 km of highways, of which 12,000 km is done. Of the remaining 36,000 km, 90% would be done by private companies, while 10% of the work could be done by NHAI. Today, 83% of power-generating capacity is with public sector units. Going forward, the private sector will add over 50% of new capacities. All big business groups (Tatas, Jindals, Essar, Adanis), with the exception of Birlas, are looking at infrastructure and thus, they are investing in it.

So users, do you also think Infrastructure will be the new growth driver?

  
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In country like India, infrastructure development is just lagging far behind in comparison to developped countries. Naturally this is certain to be the next driver of growth.

We may not  however campare ITES, BPO etc. with Infra dev. These are two seperate industry ( one is associated with Service ).
By ASOKE KUSARI, Domestic Private Banking-Executive/Manager, A large leading PSU Bank - India  | 03 14 2010 16:43:00 +0000
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You are right Isha, Infrastructure will be the new growth driver in the coming years. This sector has lot of opportunities and iam sure no private sector would like to miss this opportunity.
By Jyoti Rath, Sr. Associate, Barclays  | 03 11 2010 07:32:37 +0000
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I agree with this report. Infrastructure would continue to post higher growth as the base is low. The sector is about to take off. For a couple of years, the growth will be very high for all serious players. Actually, what we have achieved in infrastructure as a country vis-a-vis what is required is merely 10%. There's room for 90%, which will be achieved in 20 years. Things will speed up from here.
By Isha Verma, Sales/BD Manager, Larsen & Toubro  | 03 11 2010 07:19:08 +0000
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