Asset monetisation for expansion of infrastructure

For close to 60 years I have had the opportunity to look at and admire the expansion of infrastructure as the base for economic growth; also interacted with experts of multilateral and bilateral funding agencies like ADB, European Central Bank, IMF, KfW and the World Bank and with policymakers at the Centre and several states. I observed several distinct stages: in the early part of 1950s and 1960s, funding from multilateral and bilateral agencies was a boon to conceive large industrial and infrastructure projects – hydro electric projects, steel and power equipment plants and a vast range of water supply and sanitation projects spread across the country.