In an exclusive interview with INFRASTRUCTURE TODAY, Ajay Pandey, Managing Director, Group CEO of GIFT City, outlines how an ideal greenfield city should be.
In an interaction with INFRASTRUCTURE TODAY, Alkesh Kumar Sharma, Chief Executive Officer and Managing Director, Delhi,Mumbai Industrial Corridor (DMICDC) believes that the detailed planning of these cities addresses the distribution of social and physical infrastructure
This Union Budget came against the backdrop of a raft of reforms, economic slowdown and fiscal stress. While the Budget proposals will incrementally contribute to economic expansion with its de facto elements of stimulus, the pace of growth will largely be due to factors outside the Budget.
The Union Budget for fiscal 2018 has a progressive outlook and encourages investments with initiatives like affordable housing being given infrastructure status to avail new funding avenues. The Budget has expanded the scope for the capital and bond markets.
Western economies like Europe and the USA are already quite advanced when it comes to infrastructure development compared to the developing countries. In comparison, economies like China, India and rest of Asia are still showing high growth which would require a lot of infrastructure support to back up this growth.
The Ministry of Urban Development has approved the Annual Action Plan of Delhi for 2016-17 under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) with a project investment of Rs 266 crore for improving water supply and sewerage networks.