NEW DELHI: The infrastructure sector's stakeholders expect a rise in budgetary allocation for 2017-18 and tax breaks to reinvigorate the industry. "According to Manish Agarwal, Partner Leader Infrastructure with PwC, public sector spending is expected to remain the prime driver for infrastructure build-out over the next year as private sector investment remains subdued. "Financial stress in the banking system remains a key hurdle to private investment coming back into the sector. "Along with an increase in budgetary allocation for the infrastructure sector, it is crucial to establish regulatory mechanisms in infrastructure creation, which enables private investment in infrastructure funds such as National Investment and Infrastructure Fund (NIIF)," he said. In the road sector, this strategy is termed as TOT (Toll-Operate-Transfer) and is being actively embraced.

Source: Economic Times January 26, 2017 09:11 UTC