India Needs $500bn In Infrastructure: Think Thank Chief

Thursday, May 20, 2010

TOKYO (Nikkei)--Rajiv Kumar, director and chief executive of the Indian Council for Research on International Economic Relations, said Thursday that India will need more than 500 billion dollars in infrastructure investment over the next 10-15 years.

At the 16th International Conference on the Future of Asia, hosted by The Nikkei through Friday, Kumar said energy and transport needed the most investment, as infrastructure development in these sectors has been particularly slow. He also said India will have to place special emphasis on agriculture and education in its policymaking.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.