The public-private partnership (PPP) projects in the infrastructure sector in various states will provide a Rs 200,000 crore stimulus for the Indian economy, a study released by an industrial lobby claims.
According to the study by the Associated Chambers of Commerce and Industry (Assocham), the PPP projects - especially roads, real estate, power, ports and transport - have tremendous potential to unleash higher growth rate if the investment outlays are utilised effectively.
Assocham President Sajjan Jindal said the ongoing projects, valued at over Rs.133,600 crore, would stem the steep fall in India's growth rate in 2009-10.
'The government also needs to ensure that the pipelined projects do not face political hurdles and projects worth nearly Rs.82,000 crore gets rolled into the under-construction mode smoothly,' the report added.
The report said that the top five infrastructure sectors - roads, real-estate, power, ports and transport - would together account for more than 83 percent of the total outlay.
'Roads and real estate sectors together add to more than Rs.86,000 crore. The construction activity in these sectors would also lead to greater job creation,' it added.
Source: India PR wire
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