Infrastructure financing should top the G20 priority list: PHD Chamber

Infrastructure financing should top the G20 priority list: PHD Chamber

Infrastructure financing should top the G20 priority list: PHD Chamber

 

No.PR-135
November 15, 2014
New Delhi

 

Infrastructure financing should top the G20 priority list: PHD Chamber

 

President PHD Chamber of Commerce and Industry, Mr. Sharad Jaipuria on Saturday expressed various industry and economic concerns which India should voice in the G20 summit from 16th to 18th November, to be held in Brisbane.

 

“India should push for infrastructure financing at the top of the agenda list.” said Mr. Jaipuria. India faces significant infrastructure gap which eventually has an impact on potential growth trajectory. We believe deploying of global surpluses in India’s infrastructure sector can significantly reduce this gap, said Mr. Jaipuria.

 

On global growth font, Mr. Sharad Jaipuria said “Refueling the global growth is an important area of concern which the participating countries should consider to facilitate the growth inducing segments of the global economic system.”

 

He further said that intensifying the international trade will significantly rejuvenate global growth and exploring trade complementarities amongst G20 member nations would be a valuable opportunity to fuel economic growth and create employment opportunities.

 

Prime Minster Modi has recently announced the Make in India Program, to bolster the manufacturing sector of our country. Under this scenario, Mr Jaipuria said that ‘energy cooperation’ will be critical to make “Make in India” a success mantra, for the growth and development of the Indian economy in the coming times.

 

With the expansion of manufacturing sector, the global investors investing in India will not only benefit from the India’s vast consumer market but also making India a hub for global manufacturing exports

 

Mr. Jaipuria concluded that foreign investments are desired to boost up our manufacturing capabilities with state of the art technology and innovation. We believe a resourceful economy should find an opportunity to invest in the various promising segments of the Indian economy as the economic sentiment has significantly improved during the recent times and economy is looking up to resume higher growth.

 

ENDS
Koteshwar Prasad Dobhal
Consultant (PR)