Private capital should play a much larger role in India's infrastructure development: Rajkiran Rai, MD & CEO, NaBFID

NaBFID MD Rajkiran Rai stated India needs nearly Rs 770 lakh crore in infrastructure investment over the next 20 years, with Rs 370 lakh crore required for urban infrastructure alone. The institution has a sanctioned book of Rs 3.5 lakh crore and an outstanding book of Rs 1.15 lakh crore, with plans to scale the outstanding book to Rs 4.5-5 lakh crore. He highlighted the need for more large execution-focused companies like L&T (which has an Rs 5 lakh crore order book), and flagged weak DPR quality and aggressive bidding as key challenges.