AT the launch of the Britain
India Infrastructure Group (BIIG) here today, the Union Finance Minister,
Mr Finance Minister, said that BIIG is a major step forward to
facilitate the development of infrastructure in India with the involvement
of senior officials from both sides and the major private sector players
in infrastructure development.
Addressing
at the launch which was also attended by Dr.
Vince Cable, Secretary of State for Business, Innovations & Skills, UK,
Mr Mukherjee said that BIIG has been formed at an opportune moment, when
India is taking stock of its infrastructure investments during the Eleventh
Plan period and is gearing up to almost double the investment amount during
the Twelfth Plan period covering 2012- 2017. He said that the high growth
of the Indian economy in the past few years has increasingly stressed physical
infrastructure, including electricity, railways, roads, ports, airports,
irrigation, and water supply and sanitation, all of which already suffer
from a substantial development deficit.
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