New Delhi, Sept. 16 -- International Institute for Management Development (IMD) ranked India 39 out of 67 countries in the 2024 Global Competitiveness Index [1]. The IMD cited poor infrastructure as one of the major reasons for this low rank. It is loud and clear that if India aspires to be a key global player on the economic front, it has to take up infrastructure development on a war footing. Improving infrastructure has been a major challenge for India. Many projects (worth almost Rs.5.5 lakh crores [2]) initiated in the last few years have been stalled. Chronic delays have worsened working capital crises that infrastructure companies face. Working capital cycles are among the longest in the world; Cash flow statements show high debt a...