To fast-track road construction in the Northeast and border areas, the government launched National Highways and Infrastructure Development Corporation (NHIDCL), known as the first ´e-PSU´ using IT solutions.
Japan´s partnership with India spans nearly 60 years. The country´s ODA to India started in 1958, when a concessionary ODA loan of Ñ18 billion was extended to supplement the implementation of the Second Five-Year Plan, at the request of the then Prime Minister Jawaharlal Nehru.
The year 2015 started with an informal assessment of the performance of the Narendra Modi government, which announced a host of initiatives such as upping the ´ease of doing business´ quotient in India, Make in India, Digital India, Smart Cities and Housing for All.
To make the development of the proposed Sagar Port project in West Bengal financially viable, a grant of Rs 515 crore has been given in principle approval by the government. This is part of the continuous efforts by the Ministry of Shipping during the last two years for the development of this port.
The large land mass of the country, with widely varying topographical features across mountain regions, deserts, alluvial riverine deposits and rocky hill regions sloping into the surrounding seas, presents challenges to the planners in providing adequate transportation corridors for connecting the population spread all over,
Demonetisation has dealt a body blow to the economy whether we like it or not. It has delayed the uptick in the economy by a minimum of several quarters. The informal economy is in tatters and the business outlook is glum.
It is known - and recognised - that the Indian economy is one of the fastest growing in the world. However, for this growth to sustain, the infrastructure sector needs acceleration at a much faster pace. With this in mind, Finance Minister Arun Jaitley allocated Rs 396,135 crore for the infrastructure sector in this year´s Budget, up 10 per cent from the previous year.