Covid-19: Need to look at infrastructure development in fresh perspective: Padmanban Jai Shankar, MD, IIFCL

Infrastructure projects, which often include long gestation, are severely impacted by the Covid-induced lockdown and there is a need to look at their development in a fresh perspective, according to Padmanabhan Jai Shankar, Managing Director of India Infrastructure Finance Company (IIFCL).

“The government has taken a number of steps to combat the impact of the pandemic and aid economic recovery and create liquidity in the market. We have to understand the induced lockdown has diminished consumer confidence and full restoration of the economic activities would depend on a number of factors,” he said, speaking at a virtual event by industry body PHD Chamber of Commerce and Industry.

He said the National Infrastructure Pipeline envisages an investment of Rs 111 lakh crore through 2025 and that 42 per cent of these infrastructure development projects are under implementation while 32 per cent are under conceptual stages and the rest are under development.

ET Energy World
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