India will spend nearly Rs 143 tn on infrastructure
ECONOMY & POLICY

India will spend nearly Rs 143 tn on infrastructure

India will spend nearly Rs 143 trillion on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 trillion spent in the past seven financial years starting 2017, rating agency Crisil said. Of the total, Rs 36.6 trillion will be on green investments, marking a five times rise as...

India will spend nearly Rs 143 trillion on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 trillion spent in the past seven financial years starting 2017, rating agency Crisil said. Of the total, Rs 36.6 trillion will be on green investments, marking a five times rise as compared to the amount spent during fiscals 2017-2023. In its Infrastructure Yearbook 2023, Crisil said India's infrastructure spending will double to Rs 143 trillion between fiscals 2024 and 2030 as compared with 2017-2023. The agency expects India's gross domestic product (GDP) to grow at an average 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy.Policy interventions and a conducive investment climate have aided uptrend in the CRISIL InfraInvex scores across sectors. Four of these -- roads and highways, power transmission, renewable energy and ports -- have an overall score of 7-plus (out of 10), which underscores the pace of reforms and developments of the past few years. 

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Infrastructure Transport

Bengaluru Unveils Rs 1,200 Bn Infra Upgrade Plan

Bengaluru is set to receive a massive infrastructure boost worth Rs 1,200 billion under new projects planned by the Karnataka government to enhance urban mobility and connectivity. The initiative includes the expansion of the city’s metro network, construction of tunnel roads, elevated corridors, and 500 km of white-topping works to improve road durability. The Bruhat Bengaluru Mahanagara Palike (BBMP) and Bengaluru Metro Rail Corporation Limited (BMRCL) will jointly execute the projects. Key projects include tunnel roads between Hebbal and Mekhri Circle, 25 new signal-free corridors, and ..

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Infrastructure Transport

Cochin Shipyard delivers first indigenous ASW vessel ‘Mahe’ to Navy

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Infrastructure Urban

Vedanta Group to invest Rs 1,000 billion more in Odisha projects

Vedanta Group has announced an additional investment of Rs 1,000 billion in Odisha to expand its operations across metals, energy, and downstream industries. Anil Agarwal, Chairman, made the announcement during the third edition of the Make in Odisha conclave, highlighting the state’s pivotal role in India’s industrial growth.The investment will focus on strengthening Vedanta’s aluminium and copper businesses, establishing new value-added facilities, and boosting employment in the region. The company already operates large-scale plants in Jharsuguda and Lanjigarh, contributing significan..

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