The Infra-Tangle

If IFDC is merely going to add to the ranks of financial institutions, such as IDBI, ICICI, IFCI, SCICI and now IRBI ( not to speak of various state-level SFCs), it will be falling grossly short in fulfilling its role as an apex institution. The moot point is not how to increase the number of channels for funding, but how to augment the corpus itself. There is a problem here, though: resource mobilisation in India is beset with numerous hurdles--legal, fiscal, procedural, regulatory and adminstrative.

The crying need is therefore to have an institution which could take up the task of de-bottlenecking the various roadblocks. There is a dire need for providing clarity on a plethora of policy issues. For example, a policy framework is required to be put in place in the area of government support and subsidy for the road sector. Many restrictive trade practices have led to avoidable constraints on our ports and air cargo capacity and inland transport links. Ports in India are currently governed by Indian Port Trusts Act, 1908, and Major Port Trusts Act, 1963. In order to encourage private participation in ports, a number of legislative changes are required to be carried out by the ministry of surface transport in these Acts.

 

In the power sector, there are and not necessarily of the organisation he represents.