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Tuesday, December 31, 2019

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FM unveiled outlay of Rs.105 lakh crore infrastructure projects : Perspective by NAREDCO, Knight Frank India


Dr Niranjan Hiranandani-  National President- NAREDCO

The Finance Minister Ms. Nimala Sitharaman has unveiled outlay of  Rs.105 lakh crore infrastructure projects to be put out in 2020, which can be termed forward-looking for inclusive growth that promises to create jobs,  enable a better lifestyle. 

We welcome the announcement under the National Infrastructure Pipeline Coordination Mechanism that will coordinate between center, state, and private sector.


  However, implementation of the projects with public-private partnership remains the key factor.

Private players are still facing an acute credit crunch. The government needs to address the issues of private players’ difficulties as well. The step taken by the government is a right step towards addressing the current economic setback.


The proposed Single Window Clearance for investments in projects with a definite timeline from the centre and state is a much-needed breather for the industry.  

FM also mentioned that the government aims to invest Rs. 5 lakh crore in 5 years in the National Infrastructure Pipeline (NIP) that will give boost to the current sluggish real estate market in the country. 

Mr. Ashok Mohanani, Chairman EKTA World and Vice President NAREDCO Maharashtra on the recent announcement by FM Nirmala Sitharaman.

The announcement by the FM on unveiling investment of Rs 102 lakh crore in the national infrastructural plan will boost the sector as sentiment will see an uptick. Given the economy’s situation, this is promising and will add impetus to the sector’s growth. 

The investment of Rs 20 lakh crore on road projects promises both quality infrastructure and better connectivity which will benefit both buyers and developers by providing good value to the housing assets. 

On the other hand with the central and state governments expectations on private shares of national infrastructure rising to 30 % from 22% will get the sector organised and act as a game changing regulatory. 

We are hopeful that the annual investors meeting will turn the tables for the sector at large and increase much needed liquidity in the sector. 

The New Year will certainly start on a great note as the SBI repo rate cut from 7.80% per annum to 8.05% per annum will come into effect from January 1st 2020 which will further reduce interest rates for existing home loans that will attract potential home buyers.

Mr. Shishir Baijal, Chairman & Managing Director, 
Knight Frank India

“CLARITY ON INFRASTRUCTURE SPENDING WILL HELP IN ECONOMIC UPLIFTMENT”

 
“Today’s announcement has re-enforced the government's commitment towards infrastructure growth providing the requisite clarity. Apart from the fact that a robust infrastructure is one of the key conditions to overall growth of the economy, this will create a stable base for India’s economic recovery soon. The infusion into the Infrastructural development will help in creating jobs and financial security in the mid-term helping in income generation and consumer spending in the economy. We welcome the qualifiers from the government and expect to see these fructify soon”.                                                     


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