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The Investment Commision, headed by Ratan Tata, has suggested setting up of an independent central regulatory commission with independent regulators for each sector.
The three-member commission, which is scheduled to meet Finance Minister P Chidambaram on Friday, has suggested the formation of a special purpose vehicle for the next10 large airport projects.
It has mooted other measures like reduction in the cost of aviation turbine fuel to boost investment in the aviation sector.
The commission has estimated that the civil aviation sector alone will require $15-17 billion investment by 2010.
The prime minister's office has already obtained inputs from central ministries on the recommendations of the commission which will now be deliberated by the Trade and Economic Relations Commission.
The commission has estimated that investment required in oil and gas refining is around $10-12 billion, retailing $2-3 billion and gas distribution around $5 billion. It has also estimated the need for $140 billion for the power sector by 2010 to keep up with generation capacity requirement of 90,000 Mw.
Investment in roads has been projected at $25-30 billion by 2010, while $8-10 billion has been estimated for ports.The investment projected for the real estate sector is $50 billion by 2010 and $5-6 billion for the retail sector.
The investment projections for the telecom sector is $22 billion by 2010 and $25 billion for the financial sector.
The commission has recommended measures such as allowing up to 15 per cent ownership of Indian companies in Indian banks. It has also mooted up to 15 per cent foreign banks stake in Indian banks. The total investment projection is pegged at $525-550 billion over the next five years.
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