Abstract
Development of infrastructure is fast becoming critical to attaining desired level of economic growth in different industrial sectors in the country to keep pace with the Government's ongoing economic reforms initiatives as well as meeting the challenges thrown open by globalisation, especially under WTO regime.
This paper offers a conspective over-view of the emerging roles played by various financial institutions in creation and strengthening of infrastructure to support large, medium and small-scale industrial ventures in different industrial sectors to help build and reconstruct Indian economic base. The paper also highlights certain major policy initiatives for accelaration in the magnitude as well as pace of growth of micro enterprises as well as rural infrastructure to help improve and transform the rural economy. The scope of complementary support of the insurance sector, mutual funds and venture capital by international donor agencies in financing industrial infrastructure on a selective basis has also been discussed in the paper.
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