Planning Commission Deputy Chairman Montek Singh Ahluwalia today said that investment in the infrastructure sector in the Eleventh Five-Year Plan, 2007-12, will be very close to the target of 500 billion dollars. This will be primarily because of over- achievement in telecom. On growth prospects during the Eleventh Plan, Mr. Ahluwalia said it was likely to be 8.5 per cent in the 2010-11 fiscal, and 9 per cent during 2011-12.Referring to the developments in the infrastructure sector, Ahluwalia said as far as the road sector is concerned, contracts for building 4,000 km will be awarded during the current fiscal, which is twice the number of contracts given in the preceding two years. He said the power sector would do better than the Tenth Plan. Mr. Ahluwalia said there is a good chance of adding 62,000 MW of capacity during the Eleventh Plan period. While this is lower than the target of 78,000 MW, it is also three time of what the 21,000 MW actually created in the Tenth Five Year Plan.
News On AIR | March 22, 2010 6:18 PM
Investment in infrastructure sector to remain close to target: Montek