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New Delhi; December 19, 2011

Dr. Mihir Shah releases 10th India Infrastructure Report

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New Delhi, December 19, 2011: The India Infrastructure Report 2011 titled Water: Policy and Performance for Sustainable Development, was released by Dr. Mihir Shah, Member, Planning Commission, in New Delhi today. Tenth in the series since 2001, IDFC’s flagship annual publication, the India Infrastructure Report (IIR) 2011 is a collective effort of contributors affiliated to universities, NGOs, think tanks, private and government agencies, and other independent experts brought together on one platform by Infrastructure Development Finance Company.  

With a billion people around the world without access to clean drinking water and nearly three quarters of Indians already living in water-stressed regions, water scarcity is a major issue today. The unchecked growth in the demand for water, large variations and inequities in availability across regions and consumer groups, and the effects of climate change are all likely to exacerbate conflicts over water in the future. The India Infrastructure Report 2011 highlights the need for an immediate and appropriate policy framework from the perspective of rights, ecological justice, and demand management. Implementing this framework would require a paradigm shift in the approach to water, with a major reorientation of public irrigation management, more emphasis on localized water resource development and watershed management, better coordination among institutions in the planning and delivery of water and sanitation services, improved demand management strategies and more efforts towards reducing water pollution.

Introducing the report, Dr. Rajiv Lall, MD & CEO of IDFC said, “Increasing population, rapid urbanization, and an increased focus on industrial growth would deepen India’s water crisis. This would, of course, have far reaching negative consequences, not just economic, but also in terms of increased social and regional conflicts and environmental stress. We need a paradigm shift in making our water consumption practices more efficient by focusing on reusing, recycling, and conserving our limited resources. Appropriate valuation and pricing of water is an important instrument to achieve this. Urgent action is required on a new water policy based on ensuring ecological balance, equity, and harnessing all our resources”.  

Ritu Anand, Group Head Policy & Chief Economist, IDFC added: “The security of our water future depends on how we manage these conflicts. We need a radically new approach to addressing competing claims between farmer groups, industries and communities, and rural and urban India along with an institutional mechanism for resolving these in a transparent and effective manner".

About IDFC Ltd.

IDFC was established in 1997 as a private sector enterprise by a consortium of public and private investors. Its expertise in the infrastructure sector and strong relationships with government and infrastructure sponsors provides it with a platform for facilitating private investment and public-private partnerships in infrastructure projects in sectors where market structures, government policy and regulation are evolving.

The mission is to be the financier and advisor of choice for infrastructure projects in India. IDFC is focused on enhancing shareholder value through pursuing strategies that enhance its profitability, return on assets and return on equity.

Today IDFC is already the single largest debt & equity financier of privately sponsored infrastructure in the country having a balance sheet of US$ 10.7 billion.

Going forward, our business strategy is to be “India’s Specialist Infrastructure Institution” with an infrastructure focused project finance, investment banking and asset management franchise.

Note to the editors:

Authors of the IIR 2011 are Ajay Pandey (Indian Institute of Management, Ahmedabad), Piyush Tiwari (University of Melbourne), Anju Gaur (World Bank), Priyanie Amerasinghe (International Water Management Institute), P.P. Majumdar (Indian Institute of Science), Mashfiqus Salehin (Institute of Water and Flood Management Bangladesh), M. Shah Alam (Institute of Water and Flood Management), Anjal Prakash (SaciWATERs), Chanda Gurung Goodrich (SaciWATERs), Suhas Paranjape (Society for Promoting Participative Ecosystem Management), K.J. Joy (Society for Promoting Participative Ecosystem Management), Videh Upadhyay (Government Counsel and Legal Consultant), Tushar Shah (International Water Management Institute, Gujarat), Vasant P. Gandhi (Indian Institute of Management, Ahmedabad), Vaibhav Bhamoriya (Indian Institute of Management, Ahmedabad),  Philippe Culet (University of London), Sreoshi Singh (SaciWATERS), Vishal Narain (Management Development Institute), Fan Mingxuan (National University of Singapore), Bhanoji Rao (National University of Singapore), Subodh Wagle (Tata Institute of Social Sciences), Pranjal Deekshit (PRAYAS), Tejas Pol (PRAYAS), Vandana Bhatnagar (Water Sanitation Program), S.R. Ramanujam (Samatva Infrastructure Advisors), V. Sathyanarayana (Infrastructure Development Corporation (Karnataka) Limited), D.T.V. Raghu Rama (Infrastructure Development Corporation (Karnataka) Limited), Prasad Gadkari (IDFC), Shishir Maheshwari (IDFC), Marie-Hélène Zérah (Centre de Sciences Humaines), Sylvy Jaglin (Ecole Nationale des Ponts et Chaussées), Suresh Chand Aggarwal (University of Delhi), Surender Kumar (University  of Delhi), M.N. Murty (Institute of Economic Growth), J.S. Kamyotra (Central Pollution Control Board), R.M. Bhardwaj (Central Pollution Control Board), Pritika Hingorani (IDFC), Ranesh Nair (IDFC), Sachin Warghade (PRAYAS), Nilanjan Ghosh (Multi Commodity Exchange of India Limited), Sarika Rachuri (Takshashila Academia of Economic Research), Kala Seetharam Sridhar (Public Affairs Centre), Om Prakash Mathur (National Institute of Urban Affairs), Neeraj Vagholikar (Kalpavriksh), Suman Apparusu (Change Planet Partners Climate Innovation Foundation), Manisha Gulati (Independent Consultant, Energy & Infrastructure).

For further details, please contact:

Mona Mohan, IDFC
Tel: +91 9987142860