Advantage India
Robust
Demand
* India has to enhance its infrastructure to reach its 2025 economic growth target of US$ 5 trillion.
* India's population growth and economic development require improved transport infrastructure, including investments in roads, railways, and aviation, shipping and inland waterways.
Attractive
Opportunities
* Development of infrastructure has a multiplier effect on demand and efficiency of transport and increases commercial and entrepreneurship opportunities.
* In June 2022, the Minister of Road Transport and Highways, opened 15 national highway projects worth Rs. 13,585 crores (US$1.7 billion) in Patna and Hajipur, Bihar.
* In October 2021, the Dubai government and India signed a contract in October 2021 to build infrastructure in Jammu and Kashmir, including industrial parks, IT towers, multipurpose towers, logistics centres, medical colleges, and specialized hospitals.
Policy
support
* Budget 2023-24 is complemented with the continuation of the 50-year interest-free loan to state governments for one more year to spur investment in infrastructure and to incentivize them for complementary policy actions, with a significantly enhanced outlay of ₹ 1.3 lakh crore (US$ 16 billion).
* Under the National Infrastructure Pipeline (NIP), projects worth Rs. 108 trillion (US$ 1.3 trillion) are currently at different stages of implementation
* In November 2022, National Investment and Infrastructure Fund (NIIF) is set up as a collaborative investment platform between the Government of India, global investors, multilateral development banks (MDB) and domestic financial institutions to facilitate investment across multiple sectors in India through an India Japan Fund.
Increasing
Investments
* Under Budget 2023-24, capital investment outlay for infrastructure is being increased by 33% to Rs.10 lakh crore (US$ 122 billion), which would be 3.3 per cent of GDP and almost three times the outlay in 2019-20.
* Under Budget 2023-24, Infrastructure Finance Secretariat is being established to enhance opportunities for private investment in infrastructure that will assist all stakeholders for more private investment in infrastructure, including railways, roads, urban infrastructure, and power.
Reliance Infrastructure Limited (RInfra)
Reliance Infrastructure Limited (RInfra) is one of the largest infrastructure companies, developing projects through various Special Purpose Vehicles (SPVs) in several high growth sectors such as power, roads, metro rail and airport in the infrastructure space and the defence sector. The company is also a leading utility company with presence across the chain of power businesses such as generation, transmission, distribution, and power trading. RInfra, through its SPVs, has executed a portfolio of infrastructure projects under BOT such as a metro rail project in Mumbai and eleven road projects with total length of about 1,000 kms. RInfra, along with its wholly owned subsidiary company, has installed capacity of 441 MW of power and distributes power to over 40 lakh consumers in Delhi. RInfra also provides engineering, procurement, and construction (EPC) services for developing power infrastructure and road projects.
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GMR Infrastructure
GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including Engineering, Procurement and Construction (EPC) contracting activities and operation of airports and special economic zones. Its airports segment is engaged in the development and operation of airports. Its power segment is engaged in generation of power and provision of related services and exploration and mining activities. The roads segment is engaged in the development and operation of roadways. The EPC segment is engaged in handling of engineering, procurement, and construction solution in the infrastructure sector. The others segment is engaged in urban infrastructure and other activities.
Read MoreIRB Infrastructure Developers Limited
IRB Infrastructure Developers Limited is a road BOT operator. The company's principal activity is the construction and maintenance of roads. Its business segments include road infrastructure projects, which includes development and operation of roadways; real estate, which includes real estate development; and others, which includes windmill (sale of electricity generated by windmill), hospitality and airport infrastructure. Its construction business complements its BOT vertical by executing engineering, procurement and construction, and O&M aspects of BOT concessions. It has a portfolio of over 20 road BOT projects. It has in-house integrated project execution capabilities in both its business verticals, including construction and O&M of highways. Its clients include government agencies such as National Highways Authority of India (NHAI) and state road development authorities, which develop highways.
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