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Real activity in infra to pick up in a year: Deosthalee

DO_NOT_USE-MoneyControl logoDO_NOT_USE-MoneyControl 28-03-2014 Money Control
Real activity in infra to pick up in a year: Deosthalee © Provided by Money Control Real activity in infra to pick up in a year: Deosthalee

While equity markets have rallied quite a lot in recent times, there has been no pick in infrastructure space, says YM Deosthalee, CMD, L&T Finance Holdings. A lot of projects have been cleared of late but the on ground activity has been limited, he says. “In private sector, it is not enough for the projects to be cleared. Along with the clearance all other approvals need to be in place,” he told CNBC-TV18’s Reema Tendulkar.  

He says the sector is seeing cost overruns due to delay in project approvals. He says the new government needs to spell out policy framework on manufacturing and infrastructure, which will help confidence return. “In my opinion, it is going to take at least one-year for any real activity to pick up,” he told the channel.

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