Seeking to push investment to boost growth, Prime Minister Manmohan Singh has called a meeting of key infrastructure ministers on Friday to set up targets for the sector's projects.
The purpose of this meeting will be to discuss the targets to be achieved in infrastructure sectors for the year 2013-14 and finalise them, an official statement said. The Prime Minister had followed the same practice last year in which a meeting was held on the targets for 2012-13, which were then finalised and announced, it said.
This year also, the Planning Commission has done the preparatory work in finalising the targets for 2013-14. The June 28 high-level meeting will be attended by Ministers of Railways, Road Transport & Highways, Shipping, Civil Aviation, Power and Coal.
The government has maintained that $ 1 trillion would be required in the infrastructure sector during the 12th Plan (2012-17) of which it expects 50 per cent from private sector. The meeting assumes significance as it comes against the backdrop of economic growth falling to decade low of 5 per cent in 2012-13.