Outsourcing can suffer from infrastructure deficit : PM Manmohan Singh concerned
Anil Rane
Oct. 8, 2006

Outsourcing from India is suffering and will suffer much more because of infrastructure deficit. Indian Governmnets is planning to fulfill the gap.Outsourcing can suffer from infrastructure deficit. PM Manmohan Singh is cencerned.

According to media reports, Prime Minister Manmohan Singh said India needs a massive Rs 14,50,000 crore by 2012 to overcome infrastructure ''deficit,'' a feat that requires substantial private sector participation for which he promised an independent/transparent policy and regulatory mechanism.

"In the coming weeks and months, we will be finalising the remaining elements of the policy, regulator and institutional framework for PPPs in infrastructure," he said inaugurating a conference on ''Building Infrastructure'' here. Dubbing as a ''matter of concern'' the deficit in infrastructure, Singh said "our growth potential will be realised only if we can ensure that our infrastructure does not become a severe handicap. The quality and capacity of our infrastructure is certainly a matter of concern to one and all. We must deal with this deficit." He identified power sector as the bane of the economy and asked states to take immediate steps to make the sector financially viable. "The bane of power sector seems to be the high transmission and distribution losses which account for almost 40 per cent of the electricity produced. No civilised society nor a functional commercial entity can sustain losses on such a scale," he said.

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