By IANS,
Chennai: The Confederation of Indian Industry (CII) Thursday outlined a 12-point agenda for the faster implementation of infrastructure projects with special focus on having an infrastructure budget, a Land Bank Corp and separate regulators for the sector.
“Railways is one of the infrastructure sectors and a separate budget is presented. Similarly there should be a separate infrastructure budget so that the government’s focus is there on those sectors,” J.P. Nayak, chairman of a CII-sponsored infrastructure event, Suminfra 2009, told reporters.
The two-day event started here Thursday.
With many infrastructure and industrial projects getting delayed on land acquisition problem, CII has also urged the government to set up a separate Land Bank Corp, which would be acquire land from owners and allot it for different projects.
“The initial fund for the corporation would have to come from the government and later it will start generating revenue on its own,” Nayak said.
He added that each infrastructure sector should have its own independent regulator so as to prevent monopoly player taking advantage of its position.
Creating a domestic economic zone, forming a national infrastructure facilitation and monitoring agency, introducing of public private partnership (PPP) mode in rural projects are the other major suggestions.