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Even as free joyrides are being extended to Nagpurites on the 5-kilometre stretch from the Airport South to Khapri on the Nagpur metro rail before its formal inauguration, the federal government has plans to extend the service to the city’s outskirts using the existing broad-gauge railway tracks.
Stakeholders harp on the government's infrastructure push and expect construction orders of Rs.18 trillion in the next six years. This order inflow volume should support 12 to 15 per cent of industry-level execution of compound annual growth rate (CAGR).
The Railways has sizeable capex plans for the five year period 2015-19 involving a capital outlay of Rs.8.56 trillion. The annual capital outlay for FY2016-18 was increased significantly to meet the five-year targets. NITI Aayog has also finalised the three year action agenda (2018-20).
Over the last few years, the Government of India has rightly refocused attention on the shipping and logistics sector, and has recognised it as a key contributor to the development of the country.
Nandan Yalgi, Managing Director, Boxco Logistics India Pvt Ltd, lauds the efforts of the Ministry of Shipping in launching port-led development projects that will eventually bring down logistics costs across the country.
The Union Budget of 2017-18 has laid a 25 per cent increase in allocations for infrastructure over last year. There has also been a renewed focus on transportation, development of port infrastructure and its automation.
Investment opportunity stems from efforts of making rolling stock safer, faster and more efficient. The thrust on electrification is expected to give a spurt to electric locomotives, bringing down the fuel bill significantly, even as increasing investment in higher horse power locomotives will support longer rakes.
In what should have been a major story that was buried under other headlines, India achieved a significant milestone in its Digital India programme when 100,000-gram panchayats, or village councils, across the country were connected through a high-speed optical fibre network called BharatNet.