THE NATIONAL Development Council (NDC) in its meeting held on May 20, 2006 passed the following resolution: “Recognising that improvement in physical infrastructure has emerged as a common priority and increased private participation has now become a necessity to mobilize the resources needed to achieve its expansion and upgradation, the NDC observed that successful promotion of private participation in infrastructure requires a well designed framework of policies in which investors have the assurance that standards of services will be maintained and oncession will be transparently awarded and directed the Central Government to work towards evolving such a framework, which could be adopted by the States.”

The Eleventh Five Year Plan recognizes that adequate, cost effective and quality infrastructure is a pre-requisite for sustaining the growth momentum and that investment in physical infrastructure would have to be increased from about 5 per cent of GDP during the Tenth Plan ...

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