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Monday, August 07, 2006

India needs to invest more on infrastructure

The latest Confideration of Indian Industry (CII) report says that India needs to invest more on its infrastructure if it wants to maintain the current level of economic growth. The CII said that India was expected to spend about $47bn on infrastructure in the fiscal year to March 2007, a figure which needs to be doubled to $84bn a year by 2012. Read on ...

I totally agree to whatever has been said in the report. Today, Bangalore is considered the next Silicon Valley of the world, but the roads and electricity problem that besiege the city are causing increase pain and anguish amongst the companies there. Some of them such as Infosys and Wipro have already threatened the Government that they would quite Bangalore if the infrastructure was not improved. It is not only Bangalore - in Chennai, it is the water problem, in Kolkata - pollution, in Delhi - it is the extreme climate and Mumbai - just way too dangerous now to stay!

It it time the 3 economic musketeers of India - MMS (PM), PC (FM) and MA (EA) get together to chalk out a plan for the country. As for the acronyms, try to figure them out - if you cannot, then leave me a comment and I shall let you know what i am trying to say :)

-- T

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