Can IDFC's training initiative plug India’s infra holes?

Discussion in 'Politics & Society' started by Shaitan, Dec 19, 2010.

  1. Shaitan

    Shaitan Zandu balm all day Senior Member

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    Even as India attempts to find USD 1 trillion to invest in infrastructure over the next five-seven years, another effort is on, to ensure money comes without a human resource crunch, reports CNBC-TV18’s Rituparna Bhuyan and Aakansha Sethi.

    India is getting ready for a massive USD 1 trillion infra push, half of which will be funded by private companies. But it is no secret that when a road or power projects gets built on the ground, the projects are plagued by massive delays and cost overruns. The reasons are multiple - multiple government agencies, overlapping functions, lack of clarity and poor project preparation that fails to account for various risk factors. After 14 years of observing these practical problems at the ground level, IDFC is planning to train officials and functionaries from across states.

    Cherian Thomas, COO of IDFC Foundation told CNBC-TV18, “There is a huge need in government to be able to prepare projects in a manner it would be eligible to receive this huge level of investment. Preparing projects of this magnitude and receiving these kinds of investments requires huge capacity changes within the government.”

    The training will be provided in four different formats, including a one-day sensitisation course for political functionaries and municipal corporations as well as a four-day advanced course for a more hands on approach on infra projects. Aspects like bidding, contracting, implementing and monitoring will form a part of the course material. The outcome of the training project will also be monitored.

    Thomas clarifies, “What are the number of projects that have been identified and prepared, which are the projects that have been brought to the market, what are the success rates in getting these projects approved and getting the concession agreements signed and how is it that these projects get implemented?”

    About 10,000 officials will be trained and hopefully the move will help build a USD 1 trillion infra capacity in India during the 12th five year plan.

    http://www.moneycontrol.com/news/cnbc-tv18-comments/can-idfc%60s-training-initiative-plug-india%E2%80%99s-infra-holes_505817.html
     
    Last edited: Dec 19, 2010
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  3. Shaitan

    Shaitan Zandu balm all day Senior Member

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