India's vast population, industrial growth and rapidly
growing middle class - with an insatiable appetite for road
and air travel - put massive pressure on the country's
infrastructure.
Everywhere in India, visitors encounter traffic jams,
potholed roads and crowded airports and railway stations.
But increasingly they also see huge construction projects
from metro systems to elevated expressways and airport
terminals in all the major centres.
India is undertaking a substantial programme of investments
in infrastructure that will underpin its growth in years and
decades to come.
Historically, India has invested less in infrastructure than
some other emerging markets and the major state-run projects
were plagued with delays and cost over-runs.
But in recent years the Government of India has accelerated
the pace of investment by opening the infrastructure sector
to private investment through Public Private Partnerships.
Why is it important ?
Over the next 15 years the government plans to invest US$320
billion in upgrading...