Union Budget 2013-2014: INVESTMENT, INFRASTRUCTURE AND INDUSTRY

􀂉􀂉 Communication with investors to be improved to remove any apprehension or

distrust, including fears about undue regulatory burden.

􀂉􀂉 Need of new and innovative instruments to mobilise funds for investment in

infrastructure sector. Measures such as:

** Infrastructure Debt Funds (IDF) to be encourged,

** IIFCL to offer credit enhancement.

** Infrastructure tax-free bond of  Rs.  50,000 crore in 2013-14,

**Build roads in North eastern states and connect them to Myanmar with

assistance from WB & ADB,

** Raising corpus of Rural Infrastructure Development Fund (RIDF) to  Rs.  20,000

crore and

**  Rs.  5,000 crore to NABARD to finance construction for warehousing. Window

to Panchayats to finance construction of godowns.

Road Construction

􀂉􀂉 A regulatory authority for road sector.

􀂉􀂉 3000 kms of road projects in Gujarat, Madhya Pradesh, Maharashtra, Rajasthan

and Uttar Pradesh will be awarded in the first six months of 2013-14.

Share: