Building the Growth Framework
ECONOMY & POLICY

Building the Growth Framework

India has earmarked a substantial Rs.11.21 trillion in the Union Budget 2025-26 for the infrastructure sector, underscoring the central government’s commitment to driving economic growth through robust infrastructure development. This allocation is poised to enhance connectivity, boost employme...

India has earmarked a substantial Rs.11.21 trillion in the Union Budget 2025-26 for the infrastructure sector, underscoring the central government’s commitment to driving economic growth through robust infrastructure development. This allocation is poised to enhance connectivity, boost employment, and foster private sector participation as the country aspires to utilise the sector’s potential to become a developed nation by 2047.“The 2025 Union Budget offers a clear path forward, focusing on sustainable growth, affordable housing, and infrastructure development. The completion of 50,000 dwelling units in stressed housing projects and the Rs.1.5 trillion allocation for infrastructure will bring much-needed relief to middle-class families, helping them move closer to homeownership while fostering rapid urbanisation. We are optimistic about the `10 trillion asset monetisation plan, which will infuse capital into new projects, sparking innovation across key sectors.”- Arun Shukla, President & Director,JK Lakshmi Cement“Enhanced support of Rs.1.5 trillion to state capex in the form of interest-free loans, the National Monetisation Pipeline 2.0 which proposes to plough back `10 trillion in new projects over 2025-30, creation of a three-year pipeline of PPP projects in all infrastructure ministries will help keep up the momentum in infrastructure building that India has achieved over the last few years.”- Sanjiv Puri, President, CII & Chairman &; Managing Director, ITC“The Rs.1.5 trillion in long-term PPP infrastructure investment, coupled with the Rs.1 trillion Urban Challenge Fund, signals a new era of urban modernisation and economic resilience. Strategic initiatives like global manufacturing clusters and clean tech advancements under the National Manufacturing Mission will position India as a global industrial powerhouse. By promoting domestic production of critical components like wind turbines, solar components, electrolysers and batteries, we are fostering innovation and sustainable growth.”- Vineet Mittal, Chairman, Avaada Group“The coordinated three-year project pipeline of the government, which is supported by ministries and the India Infrastructure Project Development Fund (IIPDF), will not only speed up the completion of projects but also sustain private sector participation. Further strengthening this momentum, the launch of the second Asset Monetisation Plan, with `10 trillion earmarked for reinvestment, underscores the commitment to leveraging existing assets to fund new projects. Besides, sharing PM Gati Shakti data with private players will help improve project planning and execution, and minimise inefficiencies in resource utilisation.”- Kavita Shirvaikar, Managing Director, Patel EngineeringThe Rs.1.5 lakh crore investment in renewables and the removal of duty barriers on critical minerals is a direct call to action for businesses—if you're not pivoting towards sustainability, you’re already behind. The next decade will belong to companies that can integrate clean energy, smart grids, and energy-efficient solutions into their business models.”- Vijay Karia, Chairman &; Managing Director, Ravin Group“The National Manufacturing Mission’s targeted support for all renewable energy sources is a welcome move, as it reinforces India’s commitment to a level playing field and ambitious energy goals. The expected outcomes are promising: surpassing the 500 GW target and creating nearly 3 million green jobs. Additionally, incentives for electricity distribution reforms and intra-state transmission upgrades will likely improve the financial health of power companies and enable better grid integration of renewables.”- Girish Tanti, Vice Chairman, Suzlon“By developing top destinations in partnership with states, enhancing medical tourism through the ‘Heal in India’ initiative, and introducing visa reforms, India is strengthening its appeal as a world-class travel and healthcare hub. The inclusion of hotels in the harmonised scheme and visa waivers for select foreign tourists further reinforce a comprehensive, future-ready travel ecosystem.”- Lucas Ramos, Senior Director, Travel & Membership for Asia, Pacific & India, RCI

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Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

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Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

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Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

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