ABSTRACT
This chapter presents government policy framework for private and multinational investors in infrastructure industries in India. It indicates trends in private sector and foreign investment in infrastructure industries. The chapter describes how a business and consumer-friendly regulatory institutional framework is evolving. It explores the opportunities for investment in energy, transportation and the telecommunication industries. Since the launch of the economic reforms in 1991, the federal and provincial (states) governments have implemented policy reforms in infrastructure services to advance India’s competitive advantage. A 30-year forecast by the central government think tank Niti Ayog suggests that rapid and significant investment is required in the energy industries in India, however, the import dependence of India for energy is still likely to be high and increasing over coming 20 years. Electricity markets and the energy policy have witnessed major changes since 1991.
