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Infrastructure investment 'key to Indian growth'

Increasing Indian infrastructure investment would ensure the country is able to sustain its economic growth in the long term, it has been claimed.

Speaking at the launch of his firm's publication India's Leading Infrastructure Companies for 2008, Dr Manoj Vaish, president and chief executive of global business information provider Dun and Bradstreet, said current levels of investments in infrastructure are not sufficient to bridge the gap between demand and supply.

"A rise in infrastructural spending would ensure long-term sustainability of economic growth and will also create incremental economic opportunities," he added.

Dr Vaish went on to say infrastructure in India not only needs to be modernised but also requires substantial addition.

Earlier this week, Shri Kamal Nath, India's union minister of commerce and industry, met with Douglas Alexander, secretary of state for the UK's Department of International Development, and discussed the opportunity for Britain to invest in public-private partnership initiatives on the sub-continent.