Monday, February 15, 2010

Prashant Bhansali, Mumbai

The need of the hour is rapid and huge investment by the country in public private partnership in the infrastructure sector. To fund these projects, long term funds at cheap rate of interest should be available for the viability of these projects. The finance ministry should consider the following for this

Allowing equity participation of public in Infrastructure projects through issue of equity at par in new projects to provide risk capital to the projects.

Pension Funds and Insurance company should be allowed to have equity participation in long term infrastructure projects.

Allowing deduction of amount invested in Long Term Infrastructure Bonds issued by IIFCL or any other agency @ 200% from Total income of the assesses. Such deduction should be outside the limit of Section 80C but subject to a cap based on the Total Income of the Assesses.

Hotels, Hostels and Hospitals should be allowed to borrow from IIFCL for new projects

Prashant Bhansali
Mehta Group,
612, Arun Chambers, Near A.C. Market,
Tardeo Road, Mumbai-400034
Mobile +91 93 2356 0623 Board +91 22 4007 0100
prashant@mehtagroup.in

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