$1 trillion Indian port project

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Indian Prime Minister Narendra Modi is expected to seek long-term funds for India's $1 trillion infrastructure development plans.

The Indian Prime Minister is to meet with President Barack Obama and some of the world's top financiers and investors to discuss comprehensive plans to improve India’s infrastructure.

Modi has tasked all core sector ministries with boosting India's existing infrastructure.  

Port projects have been awarded under the new government, while five projects have already been completed, thereby boosting India's export-import capacity for goods by over 30 million tons per annum.

The Prime Minister's tough approach is said to have significantly changed the outlook for most infrastructure sectors after three years of sluggish growth under the previous UPA government.

These improvements have taken place without any surge in investments from domestic private sector infrastructure players – most of whom are not in a position to put forward any investments.

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