Summit on Sustainable PPP's in infrastructure

Bangalore, Jun 19 (UNI) An estimated over 320 billion USD investment was needed in the next 4 to 5 years to sustain the 9 per cent growth being witnessed in the Infrastructure Development Sector, Mr J P Nayak, Chairman, SUMINFRA-2007-- a Summit on sustainable PPP's in Infrastructure, scheduled to be held here on July 6 and 7 said today.

Addressing a press conference here, he said that the Summit, jointly supported by private and public sectors of the four Southern State governments, would focus on both structural and sectoral issues concerning Infrastructure Development.

Mr Nayak said that the SUMINFRA-2007 an unique forum promoted by CII Southern region, was intended to facilitate Public Private Partnerships (PPP's) in infrastructure Development in the Southern States which accounts more than 54 per cent of country's total export volume of over 12.5 Billion USD.

The event designed to unveil opportunities for private sector in infrastructure development in various areas in the southern region, also showcases private sector experiences with PPP's in infrastructure projects. "The Summit will also serve as a forum of all the stakeholders to come together exchange their ideas and share information about shelf of projects available in the present scenario" he added.

The summit also would focus on sectoral issues including urban structures, transport and logistic and also involvement of community in the PPP's infrastructure projects.

Mr Nayak said that taking into cognigence of the issues dealt extensively during the last four editions the Andhra Pradesh and Tamil Nadu state government have come out with their respective Infrastructure Development policies while Karnataka Government have already taken initiative in this direction.

Karnataka Infrastructure Secretary V P Baligar, who was also present, said that taking into consideration of the vast resources pool available in the private sector the state government has taken a decision to encourage PPP's in infrastructure sector in all its future projects. It will also helps the state government to chanalise resources available with it to the social sector, he added.

Stating that the process of acquisition of land was a challenging task, Mr Baligar expressed confidence that the coming summit would come out with more fruitful solutions to dealt with.

UNI