India Inc's Renewed Push for Infrastructure
India's Infrastructure Drive Must Steer Around Potholes
WSJ APRIL 10, 2010by Peter Stein
At a conference co-hosted by The Wall Street Journal Asia in New Delhi last month, Mr. Kamal Nath, a high-profile politician noted that 40% of India's fruits and vegetables rot before reaching market because of delays from poor roads and rail lines.
He has taken on responsibility for roads and highways with a goal is to build 20 kilometers of new highway a day; he is seeking $41 billion in private-sector investment over the next three to four years to help fund the construction.
One thing in India's favor is an active stock market for raising funds. Infrastructure companies have raised about $6.3 billion since the beginning of 2008 on the Bombay Stock Exchange, according to Dealogic