This idea agenda would be placed before the UPA government next week, most likely on June 11, Vinayak Chatterjee, chairman, CII southern region told FE. Indias infrastructure investment in 2007-2008 (estimated) was as low as 5%, compared to Chinas 11% for the same period, which is why CII is pulling up its socks on pushing the infrastructure engine first. Planning Commission projects that by 2011-2012, infrastructure investment could be jacked up to 7%. CII feels the desired level for 2011-2012 would be 11%.
We have reached a quick consensus on the priorities and just needs to put the idea dossier together, says S Gopalakrishan, deputy chairman, CII (southern region) and CEO, Infosys Technologies Ltd. Setting up a watchdog body-National Infrastructure Faciliation and Monitoring Agency to speed up the highly prioritised infrastructure projects, 20 domestic export zones (DEZs) on lines of special economic zones, public private partnership in rural infrastructure (under annuity) for irrigation, mandis, cold storages and roads are among the ideas which would be submitted for government consideration. Other ideas that figure prominently in the list include demanding quarterly dissemination of GCFI (Gross Capital Formation in Infrastructure) statistics, Mass Transit System in 20 top cities, sectoral consensus-based templates for PPP bid-process management to ease complexities in infrastructure bidding.
Amidst the global downturn blues, the apex industry body is also apprehensive that large-format realty projects are held in suspended animation. A roundtable session on infrastructure development, held in Kerala capital, expressed concerns about the quality of governance.