Govt to organise India Investment Summit next month

Global private equity players & sovereign wealth funds are expected to participate in the two-day summit

The government will organise India Investment Summit next month to attract long-term investments for development of infrastructure sectors like roads and power.

Global private equity players and sovereign wealth funds are expected to participate in the two-day summit, expected to begin on February 4.

Key ministries like Finance, Roads, Highways and Transport, Oil and Gas, Urban Development and Railways will also engage in the function. Besides, Chief Ministers of some states may attend the event.

During the event, the government would showcase the investment opportunities in these sectors, an official said adding the the event is aimed at seeking investments where long-term funding is required.

An expert with the Asian Development Bank recently said that India's lack of world class infrastructure is holding back its growth and development notwithstanding strengths like political stability and young labour force.

India in the recent years has seen infrastructure debt funds, infrastructure investment trusts besides Reserve Bank allowing banks to provide partial credit enhancements.

The 12th Five Year Plan (2012-17) envisages a huge infrastructure investment of Rs 65 trillion (about USD 1 trillion).