Union Finance Minister, Nirmala Sitharaman announced that the government will create a Rs 1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs. The fund will finance 25 per cent of the cost of bankable projects, with an allocation of Rs 10,000 crore for 2025-26. The remaining 50 per cent will be...
Tag: PM Gati Shakti
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Will the Road construction target be achieved in 2023-24?
The road sector is suffering from immobility! Surprised? The road sector is suffering from immobility! Surprised? Let us say that it has landed in a standstill spot. Its ability to construct beyond 40 km per day is probably 15% as the rate at which we have seen the construction get executed has always been between...
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Augmenting the Indian Economy From US$ 3 to 30 Trillion
India’s economy has seen a sharp rebound, writes Bharat Joshi, ACTL India’s economy has seen a sharp rebound after the first-two waves of the pandemic and as per the projections made by the International Monetary Fund (IMF), India is expected to be among the fastest growing major economies in the world in 2021 and 2022,...
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A Perceptional Shift in the Bureaucratic Way of Doing Business
New projects will boost investors, writes Amitava Chatterjee, SBI CAP Banks have largest exposure to the power and road sectors amongst the infrastructure sector. Further, presence of projects under NIP and Gati Shakti program will substantially boost the confidence of investors to such an extent that it may attract participation from the private banks and...
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A Paradigm Shift on the Anvil for India’s Mass Rapid Transit System
Testimony of success of Gati Shakti platform, by KVB Reddy, L&T Metro Testimony of success of PM Gati Shakti platform can be assessed by cabinet’s approval for a new railway line connecting Gujarat and Rajasthan. This large-scale infrastructure project plan was created in just three to four months using the Gati Shakti platform, reveals KVB...
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A Goal to Achieve Synchronised Development
Plans & applications to be effective, feels Sandeep Upadhyay, Centrum PM Gati Shakti is a very relevant initiative taken by the Government and is expected to effectively address some of the key challenges faced in the infrastructural development. While it may take some to evolve, but I am hopeful the roll out plan and its...
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Piyush Goel urges states to fast track NICDC projects
Govt approved NICDC to develop industrial corridors by 2026-27
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Govt identifies 9 high-impact infra projects under Gati Shakti
MoPSW identified 9 high-impact infra projects of Rs 1,913 crore