India to invest USD one trillion in construction sector

29 November, 2016

Description

Speaking at the conference on Construction Equipments: Financing and Growth Prospects in New Delhi, Girish Shankar, Secretary, Department of Heavy Industry, stated that the government will invest over one trillion dollar into the infrastructure sector over the next few years. The Secretary added that the government will also look at reforming the tax structures currently in place and sought suggestions from industry bodies towards the purpose. The event also featured discussions on issues such as Taxation in leasing in India, role of non-banking finance companies in financing, challenges in skilling, and the growth in Indian infrastructure.