Saturday, March 05,
Building on the good experience from public-private partnership (PPP) model for infrastructure development, the Centre intends to come up with a ‘comprehensive policy’ to improve resource flows to the infrastructure sector..*
Mr Mukherjee highlighted that a major share of public resources — about 48.5 per cent of gross budgetary support to the Central Plan —has been allocated for the development of infrastructure.
The foreign institutional investors (FII) investment limits in corporate bonds have been liberalized and special vehicles in the form of notified infrastructure debt funds with certain tax concessions have been announced to improve the flow of resources to this sector, he added.
Improved spending in infrastructure might boost the demand for Steel Long products which is mainly used in the construction sector. The sooner the implementation of the policies will be done, the better will the demand outlook for Steel Long products in the coming month.
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