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India's Leading Infrastructur Companies 2013

 
 
 

I am happy to launch the sixth edition of Dun & Bradstreet India’s publication on the Indian infrastructure sector, ‘India’s Leading Infrastructure Companies 2013’. The publication highlights the current trends and future prospects of the various sub-segments of India’s infrastructure sector, in addition to profiling the leading companies of the sector.

The Indian economy has been passing through a turbulent phase along with the overall global economic conditions during the past few years. Infrastructure has always played a key role in the country’s economic and financial development and continues to be the one of the main focus areas for regaining growth trajectory. Although India has proved its potential in the past compared with its emerging market peers, in the current scenario, scaling up infrastructure investments has become critical for restoring the economic growth momentum. The Indian government has adopted several measures to accelerate investments in this sector including public private partnership (PPP), incentives and tax holidays, foreign direct investment, and viability gap funding among others. However, slackening growth in infrastructure projects, which is partially accountable to the delayed clearances, land acquisition, slow implementation and environmental issues, continues to pose major challenges to this sector. During the year FY13, cumulative growth rate of eight core infrastructure sector industries in India slipped to 3.7% compared to 5% in FY12, due to contraction in output across sub-sectors such as power, steel, crude oil, natural gas and fertilizers.

 

Investments of around Rs 24.2 trillion spread across the Eleventh Five-Year Plan have largely been achieved because of strong performance in the Telecom, Roads, and Oil & Gas sectors. While crucial infrastructure sectors such as ports, railways, water supply, airports, and storage have underperformed, it was observed that core infrastructure sectors have been under pressure for failure to get projects off the ground. Hence there is a pressing need to address infrastructure challenges to support macroeconomic growth and development. With limitations around the available resources, it is imperative for the government to leverage private sector resource and expertise. Both the central and state governments have envisaged ambitious plans and targets for developing infrastructure through PPP mode. In the forthcoming years, as the PPP strategy for infrastructure expands, it will be equally crucial for the policy makers to evolve monitoring mechanisms to ensure fair and transparent implementation of such projects.

The publication, ‘India’s Leading Infrastructure Companies 2013’ covers the performance and the future plans of the leading companies in the infrastructure sector in India. As infrastructural development plays an important role in India’s growth story, this publication will act as a wellresearched information source on the industry. Dun & Bradstreet’s global footprint and market reach will ensure that the publication will draw the attention of global industry leaders and policy makers towards the Indian Infrastructure sector.

Pawan Bindal
Director
Dun & Bradstreet India