The need of the hour for the Central Government, State Governments and the project developers is to ensure that the minor impediments that ail the operationalisation of these assets are immediately removed so that they can be put to productive use and start generating revenues.
Meanwhile, the banks must draw appropriate lessons from the past failures and be very discerning with the credit appraisal of the projects that come up for their consideration. 12. In sum, any criticism of the banks for not meeting the financing requirements of the infrastructure sector has to be viewed in the backdrop of lack of availability of bankable and commercially viable projects.