The government is focused on developing infra in the country and it cannot be done without the help of private players in the market, Montek Singh Ahluwalia said.

The Government doesn’t refute that this is a complex area. Infrastructure is the key thing the government should be focusing on. In the 11th Five-Year Plan, it is very clear that infrastructure is very important.

Given the limited resources offered with the government, the kind of infra the government need cannot be delivered if the govt rely on the public sector alone.

In the infrastructure sector some very important things have been done and there have been some major success too.

The Cabinet Committee on Investment which was set up last year has the objective of giving speedy clearances to infrastructure projects.

“There was a need for special problem solving mechanism and it was recognized last year and the government set up the Cabinet Committee on Investment (CCI)…Out of 330 projects, at least 150 projects has got these regulatory clearances,” he said.

But when the financial system has chocked up, not just globally…People over invested and many of them are finding themselves now constrained…But with these clearances other things would stabilize.

This is a time of financial challenge and investors are forced to invest in projects but things would improve.