The Infrastructure Development Finance Company (IDFC) was set up in 1997 to spur infrastructure development in India. Entrepreneurs have played a leading role in this arena, points out IDFC executive director Vikram Limaye in an interview with India Knowledge@Wharton. Limaye believes the private sector's participation in the country's infrastructure development will increase in the coming years, but cautions that India will now have to compete with the rest of the world to attract the necessary investments.
The Report on Urban Infrastructure and Services released in March 2011 says "India is urbanising. This transition, which will see India’s urban population reach a figure close to 600 million by 2031, is not simply a shift of demographics. It places cities and towns at the centre of India’s development trajectory."
Are we geared up for this massive urban growth? Only time will tell.
infrabazaar 2 weeks ago