Since June 2024, the Government of India has launched one of its most ambitious infrastructure investment cycles, spanning aviation, highways, railways, ports, metro systems, housing, and more. Since the start of Prime Minister Narendra Modiās third term on June 9, 2024, the central government has committed over ā¹12 trillion towards infrastructure development across key sectors,...
Tag: Modi Government
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There is a real talent shortage in the Indian construction industry
It's early days for us. We have launched our operations in India last year. We said, let's not get the cart before the horse. Let's create a world-class delivery capability. So we have built that team and we are continuing to expand that team with quite an aggressive hiring programme. Now, more recently, we have been bringing on the sales, marketing and expertise.
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The future in India seems challenging, yet promising
Firstly, while the global market remains volatile and has an impact on the Indian economy, India is expected to retain a growth rate of 7.3 per cent for FY 2015-16, as per the International Monetary Fund (IMF).
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Govt eases bilateral aid norms to spur investments
In a decision whose significance will play out over time, the Modi government made it easier for India to accept bilateral aid from foreign countries, hoping it would attract investment in infrastructure and boost the ĆĀ“Make in IndiaĆĀ“ project. India will now accept assistance from countries other than the five on the official list
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Govt plans Rs.5000-cr mega port in TN
To reduce IndiaĆĀ“s dependence on Colombo and Singapore ports for handling cargo traffic, the Modi Government is planning to build a mega transshipment hub at a cost of over Rs.5,000 crore. The transshipment hub is expected to come up near Tuticorin in Tamil Nadu around the international trading route.
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Unravelling growth
At 4.87 million km, India has the second largest road network in the world. Transporting over 60 per cent of the countryĆĀ“s goods and serving 85 per cent of total passenger traffic, it is little wonder the Modi Government has accorded the highest priority to developing roads and highways.
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GST will be a game changer
India is a burgeoning economy and is emerging as one of the worldĆĀ“s leading markets. It expects to sustain strong growth over the coming years and strives to become one of the top three economies in the world by the middle of the century.