Infrastructure investment under the 12th Plan is said to to
go up to Rs 50 lakh crore, half of which is to come from the private sector. This
is a significant increase in allocation for infrastructure development as the allocation
in 2011-12 was Rs. 2.14 lakh crore.
To encourage investment in infrastructure sector tax-free
bonds of Rs 60,000 crore has also been announced for next fiscal. Of this Rs
10,000 crore each for NHAI, IRFC, IIFCL, Power; Rs 5,000 crore each for HUDCO,
NHB, SIDBI, and Ports.
Previous year i.e. in 2011 various Government undertakings
were allowed to issue tax free bonds worth Rs 300 billion. So, an additional
60,000 crore is expected to boost infrastructure development in railways,
ports, housing and highways.
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