WEF 2015: Focus on implementation to convert investor interest into funds, says Prakash Hinduja

DAVOS: As India impresses upon foreign investors here at WEF Annual Meeting, NRI businessman Prakash Hinduja today said the government needs to diagnose all the issues with precision to come out with a proper roadmap for investments in various sectors.

"The government has to diagnose property all the issues. They will have to look whether there are any deficiencies and then do the needful, as it needs a huge USD one trillion investment in infrastructure sector in India," Hinduja said.

Terming Public-Private-Partnership as the way ahead for infrastructure building, the eminent industrialist told PTI on the sidelines of the WEF Annual Meeting here that such huge amounts of work cannot be undertaken alone by the Indian companies and they would also need to bring in partners from abroad.

"The investors are very happy about the reform initiatives, but they also want the government to show that the projects are taking off. They will start putting money once they see that projects are taking off and the results of reforms become visible on the ground," he said,

"There are large pension funds with billions of dollars that want to invest their money and are looking at opportunities across the world. India needs to convince them about its potential," he said.

Hinduja said the investors are watching the new government and the steps being taken by it and the government should also focus on delivering on its promises to convert this immense interest into real investments on the ground.

Earlier this week, Hinduja Family and Videocon group's Dhoots hosted a lunch for more than 125 business and government leaders from India and other countries, who are attending the WEF Annual Meeting in this ski resort town on Swiss Alps.