HUDCO Aims for Rs 3 Trillion Infrastructure Funding by 2030
HUDCO’s Chairman and Managing Director, Sanjay Kulshrestha, shared with *The Free Press Journal* that infrastructure development is a key driver of economic growth. He highlighted that India is currently benefiting from an improved macro-economic environment, with policymakers, led by Prime Minister Narendra Modi, focusing on the needs of the country’s 1.4 billion people. Kulshrestha reaffirmed HUDCO's commitment to supporting the nation’s infrastructure development through substantial funding, targeting over Rs 3 trillion for the sector by 2030.
India has made significant progress in infrastructure development over the past decade, though much of its potential remains untapped. The country’s infrastructure investment has surged, with the FY2025-26 budget allocations rising to Rs 11.21 trillion. India is set to become the world’s third-largest economy, surpassing Japan and Germany, fueled by macroeconomic stability and purchasing power parity. The domestic economy is projected to reach a size of \$10 trillion by 2030.
In Maharashtra, HUDCO has been instrumental in financing over Rs 900 billion for 1,248 infrastructure projects, with more than Rs 270 billion already disbursed by March 31, 2025. Additionally, HUDCO signed a Memorandum of Understanding (MoU) with MMRDA to provide financial assistance of up to Rs 1.5 trillion over the next five years for infrastructure projects across the Mumbai Metropolitan Region.
Kulshrestha further elaborated on the company's recent projects, including the 701 km long, 6-lane greenfield expressway from Nagpur to Mumbai, which has seen Rs 25.50 billion in funding, with approximately Rs 25.26 billion already disbursed.
He noted that infrastructure development is a key driver of economic growth, creating job opportunities, reducing poverty, and propelling India toward achieving developed country status. HUDCO's slogan, “financing infrastructure beyond housing,” emphasizes its commitment to financing core infrastructure projects, including roads, highways, expressways, metro rail, power sector initiatives, green energy, hospitals, airports, and more.
HUDCO continues to ensure the bankability of projects, with a focus on risk-allocation strategies that have contributed to a healthy loan book of over Rs 1.24 trillion. The organization is also strengthening its role in urban development by offering integrated solutions in critical areas such as waste management, water supply, sewage, drainage, land acquisition, townships, industrial corridors, sustainable mobility, energy transition, and port infrastructure.
Kulshrestha reiterated HUDCO’s commitment to supporting the government’s vision for a Viksit Bharat (Developed India) by 2047, with active participation in programs like PMAY-Urban 2.0, the Urban Challenge Fund, Smart Cities, Amrut 2.0, SBM 2.0, and the Jai Jeevan Mission.
News source: The Free Press Journal