Oommen A. Ninan
MUMBAI: The infrastructure sector has received substantial attention from the Finance Minister as removal of infrastructure bottleneck is imperative for sustaining high rates of overall economic growth.
"The Finance Minister has sought to keep a thrust on growth through enhanced outlay on infrastructure,'' Hemendra Kothai, Chairman, DSP Merrill Lynch, said.
The Finance Minister's proposal for setting up of dedicated infrastructure funds by mutual funds was a welcome step although one needed to study the details to assess the real ramifications of the budget proposal, Sethuram Iyer, Chief Investment Officer, SBI Mutual Fund, said.
While agreeing with Mr. Iyer, A.K. Sridhar, Executive Director, UTI Mutual Fund, said "We need to have more relaxation in percentage of funds to be invested in the unlisted infrastructure equities.''