For a country that believes in a fully clothed culture, and prides herself on being rich with plenty, to have torn dresses to wear and worn out shoes to put on is a very ironic and sad thing. Nations embody the character and dignity of their people and India is not quite putting out the best image right now. Her shoes need mending by revisiting old infrastructure and the torn clothes need to be stitched up with new roads, ports, power stations and airports. Today if India is looking to make the biggest Makeover story in history, she cannot do so without the proper attire for sure. This is the focus of our paper, the importance of infrastructure for India, in her time to shine. Can India excel despite these shortcomings? We do not think so and hence we shall take you though the problems with the existing facilities, the scope of improvement and the need for new ones.
[...] According to power ministry officials , this can be taken care of by the hydro power development fund. A hydro power development fund is in line with attempts by the government to correct the thermal-to-hydel mix in the country, thereby managing the peak load and deficits. Rural Infrastructure Development: In the wake of the above mentioned efforts to improve Infrastructure in the country, only 78,205 villages out of 5.2 lack villages are left without power. It's an encouraging figure, but rural infrastructure development needs to be aggressively taken up, and The Indian Infrastructure Report of 2007focuses on this as its theme. [...]
[...] The objective of which was to introduce competition, protect consumer's interests and provide power for all. Market scenario: The significance of role of the private players and foreign investments in the power sector: Private investment in the power sector was first encouraged through the opening up of investment in power generation. This was subsequently extended to distribution and transmission projects through passing of Electricity Laws (Amendment) Act in 1998. The response from the private sector has been encouraging. Since 1991, a total capacity of around 7400 MW from 37 private power plants has been commissioned. [...]
[...] India has had an elasticity ratio, elasticity of electricity consumption with respect to GDP, of 1.5 since 1990's. This ratio needs to be sustained in future for the ragingly growing Indian economy. Thus, with a current GDP growth rate of the power supply needs to grow by around 12% annually. The power sector in India is dominated by the Government. It is a joint responsibility of the State and Central Governments. The power sector was opened to the private players only in 1991. [...]
[...] When we look at India, with certain facts and figures we find a reality which is ironical, not to mention blatantly ill-fitting. India is the 7th largest and the 2nd most populous country in the world, with a middle class that is more than the population of the USA or the European Union. The process of demographic transition puts significant percentage of the population in the working age group, which creates large markets for a wider range of goods and services. [...]
[...] To initiate this, the Central Government provides incentives such as 100% profit deduction for developing, maintaining and operating infrastructural facilities. Also the public sector companies despite being provided with huge amounts of funds to carry out infrastructure building, as illustrated in the table below, seem to fall out. Year Amount allocated under Amount released under CRF CRF including EI&ISC including EI&ISC Table The amounts allocated and released to the State Governments/Union Territories under the said schemes during the last three years (Rs. [...]
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