Stable policy framework key to attract investments in infrastructure sector: Aviation secy
international investments into the infrastructure sector in the country, civil aviation secretary Vumlunmang Vualnam said.
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“Infrastructure, by design, tends to have a long gestation period and a long investment period. So I think that certainty, that confidence, that the framework would remain stable is important to attract international investors or international developers and various other agencies,” Vualnam said.
“From the government side, what we have tried, is the stability of the framework and respect for contracts by all parties, which comes either through a statutory provision, or through the concession agreements which have been signed, or whichever clauses,” he said while speaking at a panel session at National Summit on Indian Infrastructure for Viksit Bharat 2047 by the India Infrastructure Finance Company Limited (IIFCL) on Monday.
Other members of the panel, however, said efficiency in decision making and execution of the projects, introducing scale, speed and simplicity and ability to innovate are other key requisites to make world-class infrastructure in the country by 2047 when India becomes a Viksit Bharat.
“From the multilateral institution side, we find that the decision making is still very slow in India with Bangladesh and Sri Lanka better than India,” Sanjeev Kaushik, principal finance sector
