The Indian government has set ambitious targets to almost double investment in infrastructure over the next five years, injecting $500bn (£343bn, €352bn) into the sector. Projects include modernising secondary airports, adding electricity generating capacity and ports-related developments.
The plans are attracting significant interest from private investors, but there are reasons to be cautious. Rajiv Lall, chief executive of Mumbai-based Infrastructure Development and Finance Corporation, says his company is dialling down risk. IDFC was among the first to anticipate an economic slowdown while others spoke of a huge investment pipeline and said everything was well with the Indian economy, he told financial analysts recently. “We continue to remain cautious for exactly the same reasons that we were six months ago. If anything, there are reasons to be even more cautious,” said Mr Lall.
No comments:
Post a Comment