New Delhi (Business Desk): Reacting on the Union Budget 2025, Kavita Shirvaikar, Managing Director of Patel Engineering Limited, on Wednesday said that sharing PM Gati Shakti data with private players will help improve project planning and execution and minimize inefficiencies in resource utilization. With these initiatives, the PPP model is well positioned to take a significant lead in the fast-tracking of India’s infrastructure development, foster cooperation between the public and private sectors, and drive sustainable economic growth.
Kavita Shirvaikar further said, “The Union Budget 2025 placed a strong focus on the Public-Private Partnership (PPP) model, and we recognize the government’s initiatives to enhance the private sector’s role in the country’s development. It is anticipated that the coordinated three-year project pipeline of the government, which is supported by ministries and the India Infrastructure Project Development Fund (IIPDF), will not only speed up the completion of projects but also sustain private sector participation. The cooperative framework in which states are encouraged to bid for PPPs is considered an important step towards efficiency and faster infrastructure development in the country.”
“Further strengthening this momentum, the launch of the second Asset Monetization Plan, with ₹10 lakh crore earmarked for reinvestment, underscores the commitment to leveraging existing assets to fund new projects,”Kavita Shirvaikar added.
Patel Engineering Limited. (‘PEL’ or ‘Company’), is a 75-year company established in the year 1949, have evolved as a construction company specializing in the hydropower and irrigation segments.
