In India, Infrastructure sector contributes to overall development on a large scale. The government puts great effort and emphasis in this infrastructure sector to build a global class infrastructure in India. In the year 2016, India raised upward by 19 countries in the World Banks’s (LPI) Logistics Performance Index to rank 35th amongst 160 countries.
To offer substantial investment opportunities to domestic and foreign investors, the Govt. of India has approved 100% FDI through the automatic route for townships and cities comprising of Smart cities. This was allowed to improve investments in the infrastructure sector.
An estimated budget of USD 650 Billion has been kept for urban infrastructure in the next 20 years. Rs 2 Trillion has been budgeted for Smart and AMRUT Cities (Atal Mission for Rejuvenation and Urban Transformation) in the next five years. A budget of Rs 62,009 Crore is earmarked under the Swachh Bharat Mission in urban areas. 70% of the funding under Swachh Bharat Mission will be mobilized largely from the private sector.