Host country: Panel Discussion with Chief Ministers on Vision of Infrastructure Development in India (June 25, 1630-1730), Tata Theatre, NCPA
Objectives
- Regional development
- Financial hubs (e.g. GIFT City)
- Industrial and software parks
- New capital city – Amravati, Andhra Pradesh
Background
Many State governments are pursuing transformative approaches and undertaking robust and futuristic projects in infrastructure. This spans across connectivity (road, rail, air and inland waterways development), smart cities, sanitation, logistics hubs, etc. The NITI Aayog has recently formed ‘Niti Forum for North-East’ to identify various constraints on the way of accelerated, inclusive and sustainable economic growth in the North East Region. The forum has identified focus areas for infrastructure development epitomized by the concept of "HIRA" (diamond in Hindi) which stands for Highways, Internet, Railways and Airways.
High-tech financial hubs are being established to provide enabling regulatory environment, and create an ecosystem to increase capital flows, expand domestic base of financial services, and promote talent. The Gujarat International Finance Tec-City (GIFT City) has been developed as a global financial and IT services hub. This is emerging as an international financial centre in India with huge potential for providing favorable regulatory regime and business environment for infrastructure financing. Earlier, establishment of software technology parks (STPs) in 1990s represented an important institutional intervention to provide infrastructure for the software industry.
The vision of modernisation and sustainability behind new capital cities, tier-2 cities, industrial towns, integrated mobility and rural infrastructure reflects potential for leapfrogging in the decades to come. The new capital city of Andhra Pradesh, Amravati has futuristic design of world class standards, cutting-edge infrastructure, and promise of comfortable and sustainable living.
Local experiences with respect to financing and implementation of infrastructure projects provide vital inputs to policymaking. Governments in different States have varied and rich experience to share with other States and stakeholders at large.
Speakers:
Prof. Ramkishen S. Rajan - Vice-Dean (Research) and Professor, Lee Kuan Yew School of Public Policy, National University of Singapore
