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$440 bn investment in infrastructure by 2014
Thursday, 16 December 2004, 20:30 IST
NEW DELHI: India will invest 
20 trillion ($440 billion) in its infrastructure sectors like roads, ports, telecom, irrigation and energy in the next 10 years, Minister of State for Commerce E.V.K.S. Elangovan said Thursday.
"About 50 percent of the amount will be spent in the construction sector alone," he told the annual exports awards function of the Projects Exports Promotion Council of India (PEPCI) here.
The minister said the country's project exports had touched 37.60 billion ($835 million) last year, registering an annual growth of over 35 percent.
"This is a key indicator of the technical maturity and the industrial capability of our country. Project exports not only earn foreign exchange but also create additional avenues of employment," Elangovan said.
He advocated a consortium approach for construction, engineering and consultancy companies to secure large international projects in turnkey modules and said large turnkey projects necessitate working in tandem.
Earlier, he gave an award for maximum turnover to diversified engineering major Larsen and Toubro, while the state-run Indian Railway Construction Co Ltd got the award for earning and repatriating maximum foreign exchange to India.
Source: IANS
20 trillion ($440 billion) in its infrastructure sectors like roads, ports, telecom, irrigation and energy in the next 10 years, Minister of State for Commerce E.V.K.S. Elangovan said Thursday.
"About 50 percent of the amount will be spent in the construction sector alone," he told the annual exports awards function of the Projects Exports Promotion Council of India (PEPCI) here.
The minister said the country's project exports had touched 37.60 billion ($835 million) last year, registering an annual growth of over 35 percent.
"This is a key indicator of the technical maturity and the industrial capability of our country. Project exports not only earn foreign exchange but also create additional avenues of employment," Elangovan said.
He advocated a consortium approach for construction, engineering and consultancy companies to secure large international projects in turnkey modules and said large turnkey projects necessitate working in tandem.
Earlier, he gave an award for maximum turnover to diversified engineering major Larsen and Toubro, while the state-run Indian Railway Construction Co Ltd got the award for earning and repatriating maximum foreign exchange to India.
Source: IANS