Sound physical
infrastructure with easy availability of key utilities is a dream scenario for
any investor. The state is aware of the fact that at present, the investment in
industry overshoots the investment in infrastructure. While this may offer
faster economic growth in the short run, it might ultimately prove to be
unsustainable.
Therefore, both industry and infrastructure should keep pace
with each other so that the balance of
regional development is not affected. Although Gujarat boasts of a State with
one of the best infrastructure facilities, it is realized that since last a few
years, other states in India have also
speeded up the activity to augment their infrastructure facilities. The state
has therefore, decided to benchmark itself with the quality of infrastructure
available in developed countries and would also ensure that this infrastructure
would be made available to both the industries and citizens at reasonable
tariffs. Thus, to hasten the pace of infrastructure development, the Government
would consider revisiting the existing Vision 2010 document and tailor
the infrastructure projects by adding lucrative features, so as to attract
private sector investment, more specifically the global players. In addition, projects with smaller
financial magnitude may be identified and implemented with the help of private
sector investment immediately. The state would also commission a study
to identify the deterrents if any, coming in the way of private sector
investment in infrastructure projects and remove them immediately.
Development of infrastructure is the top priority on the state agenda.