With infrastructure growth on the agenda, Centre and IMF set up May 4 meet

Union government and officials of International Monetary Fund (IMF) will be meeting on May 4, 2018 to discuss infrastructure sector growth in India. Sources close to the development informed Zee Business's Prakash Priyadrshi that during the meet the two sides will have a discussion on how to boost growth in the infrastructure sector and also review the steps already taken by the government. 

The meeting will see the participation of top-level officers from PMO, finance ministry, aviation, road transport, urban development, rural development and DIPP as well as the chairman of land leasing policy of NITI Aayog among others. 

According to the sources, the two sides will have a discussion on the amount of investment that is needed to boost the growth rate of infrastructure sector in the country and will also formulate a process for the same. They will discuss the difficulties that prop-up especially during land acquisition process for the Infra projects and then formulate strategies with states to solve problems in the entire set-up. Besides, the two sides will also devise a strategy to build a land bank in all states to speed up infrastructure growth in the country. 

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Sources also informed that the two sides will also have a discussion on investments made till date in the sector and the reforms made in the rules for investment.