Projecting a pipeline

One way of helping project finance revive in India is by demystifying risk - and the government has just taken a useful step in that direction

This newspaper has reported that the government will create a “National Infrastructure Pipeline” that will “include greenfield and brownfield projects costing above Rs 100 crore each”, in order to “tell investors at what stage of execution each of these projects is in and offer a realistic assessment of whether to put money into them or not”. 

We don’t know enough about this pipeline, but the principle should be unequivocally welcomed. It shows the government is serious about the prime minister’s Rs 100 trillion target for infrastructure investment – and, further, that it understands what the private sector needs for this target