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Why was India in need of an infrastructure overhaul?
India’s infrastructure at the beginning of the century was in need of a total overhaul. It was a drag on the rapid growth of the country’s economy and adversely affected the lives of Indian citizens. The government looked to public-private partnerships to promote investment and revitalise its transport and energy sectors.
Who was the Finance Minister of India in 2005?
The finance minister said, while presenting the Indian Union Budget for 2005-2006, “acknowledged the need and significance of building adequate infrastructure in the country and made the following announcement [3] : ‘The importance of infrastructure for rapid development cannot be overstated.
What is the case study of resilient infrastructure in India?
This case study tells the story of what good practice looks like for resilient infrastructure. This is a story of infrastructure creation that does not begin with the asset. It begins instead with the people; specifically, the needs of some of the poorest and the most vulnerable in rural India.
When was the India Infrastructure Finance Company established?
The India Infrastructure Finance Company Ltd (IIFCL) was established in January 2006 as a wholly-owned Government of India company. It began operations in April 2006 with the objectives of: Increasing private sector participation in infrastructure development through public-private partnerships (PPPs).
Last Update: Oct 2021
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