June 7, 2012 9:05 AM

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PM sets high investment targets for core sector projects for 9% growth

Prime Minister Dr Manmohan Singh has set a high investment target for core sector projects in the current fiscal to bring the country back to a growth path of nine per cent.

Speaking at a meeting to finalise the targets for infrastructure for 2012-13, Dr Singh yesterday said that the government is committed to reverse present situation and revive India's growth story.

He said that there is need to remove bottlenecks to growth. The Prime minister reviewed the targets and approved them.

Dr. Singh said the needs of the infrastructure sector are vast and over 1 trillion US dollar is needed in the next five years.

He said, the government alone cannot invest such huge amounts and therefore it is important that we involve the private sector in our efforts, through Public Private Partnerships, PPP.

Dr Singh said, in Civil Aviation, work will be awarded on three new Greenfield airports and some new international airports.

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