Investment banking company Goldman Sachs said India will require $1.7 trillion investment in the next 10 years for the infrastructure sector. Goldman Sachs’ Managing Director and CEO, Brooks Entwistle, said, “There are many opportunities in the infrastructure sector in India. Investment will not come from overseas but much of it will come domestically from banks, savings and development of a sophisticated bond market.” He further said that organized retail sector will also contribute to this growth. Commenting on the India’s divestment programme, he said “we are encouraged by the divestment programme in India and it is going to pick up pace.”
Currently the infrastructure sector accounts for 26.7 per cent of India’s industrial output. India’s infrastructure sector grew 6 percent in December from the previous year. During April-December, the first nine months of the 2009/10 fiscal year, output rose 4.8 per cent from 3.2 per cent a year ago.
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