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Essay text:
Of this, 40 per cent is required
in the power sector, 11 per cent in telecom and around 14 per cent in roads and railways.
With US$ 38 billion already invested between 2001-02 and 2002-03, there still exists a target
of US$ 118 billion to be met over the next three years. All the infrastructure sectors need sufficient funds for expansion and maintenance of existing facilities. To address this need as well as improve efficiency, a number of policy measures have been initiated recently. In order to create an adequate provision of various public goods, the Government has changed its role from direct producer of public goods and focuses on facilitating and encouraging public-private partnership, including Foreign Direct Investment...
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