NEW DELHI, June 28: India would have to wait for some time before mopping up foreign resources for its core sector projects in view of the difficult international financial markets, a State Bank of India (SBI) study on infrastructure funding requirements, said.The country needs a whopping Rs 3,59,500 crore investment, including foreign investment of Rs 69,400 crore, in the infrastructure sector in the next five years. More than half of the investment at Rs 1,99,200 crore would be needed in the power sector alone.
During the current fiscal alone, the core sector investment requirements are estimated at Rs 53,900 crore. While the power sector would be needing about Rs 32,600 crore, the telecom sector would require about Rs 8,800 crore during the current fiscal, the study said. Another sector requiring huge funds is the petroleum sector which would require investments of Rs 70,000 crore in the next five years, SBI estimates.
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