Page 46 - CV April-May 2019 issue

Building

A FUTURE

Based On

INFRASTRUCTURE

ndia's infrastructure spending is projected to accelerate to at least ₹50 lakh crore between FY18 and FY22, making a visible impact on
service delivery and providing a foundation for rapid and inclusive economic growth in the country, according to Crisil. The western region —
Icomprising Maharashtra, Gujarat and Goa along with the Union Territories of Daman & Diu and Dadra & Nagar Haveli — has attracted a
major chunk of infrastructure investments, both domestic and foreign. Each of the western States, with its unique potential and capabilities, has
contributed significantly to India's growth story. Gujarat, the frontrunner in terms of industrial development, ranked fourth among the top 10
States in terms of ease of doing business as per the Business Reforms Action Plan 2017 prepared by the Commerce Ministry's Department of
Industrial Policy and Promotion (DIPP), in partnership with the World Bank Group. Maharashtra and Goa ranked 13th and 19th
respectively.While infrastructure investments are crucial for industrial growth in Gujarat and Maharashtra, Goa requires road development to
boost its tourism industry, besides investments to expand its mining and pharmaceutical sectors.

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