Banmali Agrawala, president-infrastructure, defence & aerospace at Tata Sons, spoke to CNBC-TV18 about his expectations from the government and where he sees the business going over the next few years.

“It clearly is also a function of at the speed at which the government makes decisions, which is one does expect the government to start making much faster decisions and one would also expect the government to expand the possibility of the private sector to participate in the entire programme,” Agrawala said.

Talking about the business, Agrawala said, “Over the last 7 or 8 years, we have slowly but certainly further increased capability by supplying more components into the global supply chain.”

Agrawala added that "With Lockheed Martin Corporation we will be making F-16 wings in India, which is a fairly sophisticated piece of equipment."

“I think that trust, the confidence, the capability with these partners has now come up to a stage where we are ready to move on to even bigger things,” Agrawala said.

On the energy business front, he said, “In the entire space of clean, there is an opportunity and also an opportunity for financial flows, for investments to come in from the US into India in terms of long-term perspectives with lower threshold of expectation of returns which is required for infrastructure projects particularly in the renewable space.”

“So platforms such as Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs), one does expect a lot of capital flow to happen and I would say that the Indian scenario is getting more stable, getting more predictable and you already see a lot of interest that is coming up on the table to invest in platforms such as these,” he said.

First Published:Jun 13, 2019 8:38 AM IST