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THE MINISTER OF COMMERCE & INDUSTRY
(SHRI SURESH PRABHU)
(a) to (d): A Statement is laid on the Table of the House.
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STATEMENT REFERRED TO IN REPLY TO LOK SABHA STARRED QUESTION NO. 275 FOR ANSWER ON 6TH AUGUST, 2018.
(a) & (b): The targets for the infrastructure sectors, monitored by the Government, for 2017-18 and 2018-19 are given at Annexure-I. The targets are fixed by administrative Ministries/Departments in terms of output. Government’s estimated budgetary and extra budgetary capital expenditure on infrastructure was Rs.4.94 lakh crore in 2017-18 which has been increased to Rs.5.97 lakh crore in Budget 2018-19.
(c) & (d): The estimated increase in domestic production of major infrastructure sectors during 2017-18 is given at Annexure-II. Overall growth of the infrastructure industries is interplay of many factors such as capacity utilisation, investment cycle, availability of long term finance, seasonal factors, policy interventions, domestic growth outlook etc.
The Government is continuously taking steps to boost industrial growth including infrastructure sector which inter alia, includes putting in place a policy framework to create conducive business environment, strengthening infrastructure network and ensuring availability of required inputs.
Foreign Direct Investment (FDI) policy and procedures have been simplified and liberalised progressively.
The Government has also taken up a series of measures to improve Ease of Doing Business. The emphasis has been on simplification and rationalization of the existing rules and introduction of information technology to make governance more efficient and effective.
To ensure long term funding for infrastructure, the Government has set up the National Investment and Infrastructure Fund and the Public Private Partnership (PPP) mode of infrastructure development has been revitalised.
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