66 major projects worth Rs 5 trillion recommended under PM GatiShakti
OIL & GAS

66 major projects worth Rs 5 trillion recommended under PM GatiShakti

An inter-ministerial panel led by the industry department over the past eight months has assessed 66 major projects having a price tag of more than Rs 5 billion. According to Sumita Dawra, Special Secretary for the industries department, the overall cost of these projects will be Rs 5 trillion. These initiatives include the Marwar Industrial Cluster (Rs 9.22 billion), the Barbil-Nayagarh-Barsun new railway line (Rs 88.40 billion), and the Gurdaspur-Jammu-Srinagar natural gas pipeline (Rs 69.31 billion), among others. All of these initiatives have received funding and approval from their respective governments.

The PM GatiShakti national masterplan portal, according to Commerce and Industry Minister Piyush Goyal, will aid in the planning of social infrastructure, such as schools, nursing homes, and hospitals, in addition to its primary goal of filling critical infrastructure gaps across the nation. There are currently almost 1,300 layers of data, including rivers, forests, wildlife sanctuaries, and Unesco world heritage sites.

According to Goyal, 12 states have so far digitised their land records on the portal. He further stated, “Data layers of GatiShakti engage with each other through APIs, and if an alignment of a particular project was put into GatiShakti, it would highlight the challenges of implementation and help re- align the project, saving time and cost.”

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

An inter-ministerial panel led by the industry department over the past eight months has assessed 66 major projects having a price tag of more than Rs 5 billion. According to Sumita Dawra, Special Secretary for the industries department, the overall cost of these projects will be Rs 5 trillion. These initiatives include the Marwar Industrial Cluster (Rs 9.22 billion), the Barbil-Nayagarh-Barsun new railway line (Rs 88.40 billion), and the Gurdaspur-Jammu-Srinagar natural gas pipeline (Rs 69.31 billion), among others. All of these initiatives have received funding and approval from their respective governments. The PM GatiShakti national masterplan portal, according to Commerce and Industry Minister Piyush Goyal, will aid in the planning of social infrastructure, such as schools, nursing homes, and hospitals, in addition to its primary goal of filling critical infrastructure gaps across the nation. There are currently almost 1,300 layers of data, including rivers, forests, wildlife sanctuaries, and Unesco world heritage sites. According to Goyal, 12 states have so far digitised their land records on the portal. He further stated, “Data layers of GatiShakti engage with each other through APIs, and if an alignment of a particular project was put into GatiShakti, it would highlight the challenges of implementation and help re- align the project, saving time and cost.”

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement