Small Contractor India

T he recently announced Union Budget reaffirms commitment of Government towards Infrastructure sector. To reduce development risk and revive private sector participation in infrastructure investment, the Government has on one hand launched Hybrid Annuity Model based PPP, while also simultaneously increased investment into greenfield projects. The National Infrastructure Pipeline estimates that 21% of Rs 111 Lakh crores would be invested by private sector. This is twice the investment done by private sector during last 5 years. The Government announced formation of Development Financial Institution during the Budget and with an intent to finance many Infrastructure assets. All these will open up massive developmental activities and create scope for many small contractors in construction.  Role of L & T in execution of Infrastructure Projects In the recent past, many large projects have been awarded by the Government. As a leader in Infrastructure construction L & T won num...