Planning Commission Deputy Chairman Montek Singh Ahluwalia made a case on Wednesday for setting up a credible regulatory environment to attract funds for infrastructure development in the country.
"India can put across a regulatory environment that is credible... and put in place institutions" to channelise funds, including long-term debts, for developing projects in the infrastructure sector under the PPP mode, he said while speaking at the Fortune Global Forum in New Delhi.
Referring to the progress of the Public Private Partnership initiative of the government, he said: "We are getting response for PPP projects... but for our ambitious targets, the response has to be stronger."
There are opportunities for private sector participation in infrastructure projects, which are being developed under the PPP mode, like on roads, ports and power, Ahluwalia told global investors.
The opportunities for private sector will also be there in health and education with the government is focusing its attention on these two areas to make growth more inclusive, he said.
Alhuwalia also advised the foreign investors not to look for "clean answers" in India as the nature of decision making has become difficult.
However, he added, they should "look whether consensus is emerging... It will deliver the results."
He further said