Budget 2021-22 for infra and construction: A snapshot
ECONOMY & POLICY

Budget 2021-22 for infra and construction: A snapshot

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An "infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products.

The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways.

Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction:

The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22:

1. Physical and financial capital, and infrastructure
2. Health and well-being
3. Inclusive development
4. Innovation and R&D
5. Reinvigorating human capital
6. Minimum Government and Maximum Governance

Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission.

The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed.

Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised.

Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore.

New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal.

Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched.

Also Read:
Infra budget sought, infra budget granted
Govt reveals core sector growth rates
Industry reacts to Budget 2021-22
What the Budget holds for us: A webinar

"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."

Union Budget 2021-22 highlighted infrastructure and healthcare as the biggest gainers. An infra-nirbhar” budget aims at indigenous manufacture of infrastructure equipment and products. The finance minister focused this year’s budget to infrastructure development which received the much-needed impetus. The government allocated 34.5% more than last year to infrastructure development giving emphasis to roads and highways, railways, urban infrastructure, power, port, shipping, and airways. Here is a graphical snapshot of Union Budget 2021-22 for infrastructure and construction: The Finance Minister stated six pillars that are the premise for the various Budget outlays in 2021-22: 1. Physical and financial capital, and infrastructure 2. Health and well-being 3. Inclusive development 4. Innovation and R&D 5. Reinvigorating human capital 6. Minimum Government and Maximum Governance Healthcare infrastructure received a record outlay of Rs 64,100 crore, including an allocation for new schemes such as PM Atmanirbhar Swasth Bharat Yojana and Urban Jal Jeevan Mission. The National Infrastructure Pipeline, which was launched with 6,835 projects, has now expanded to 7,400 projects, with 217 projects worth Rs 1.10 trillion completed. Jal Jeevan Urban Mission, with an outlay of Rs 2.87 lakh crore to be launched. Tap connection to 2.86 crore houses and universal water supply for 4,378 local bodies has been promised. Three new dedicated freight corridors—East-Coast Corridor, East-West Sub Corridor and North-South Corridor—are expected to see investments of about Rs 2.17 lakh crore. New economic corridors will see a total outlay of Rs 5.35 lakh crore, with an overwhelming emphasis on states that are heading into elections this year—Assam, Kerala, Tamil Nadu and West Bengal. Asset monetisation plan for public infrastructure which will help the government raise revenue. A National Monetisation Pipeline for potential brownfield infrastructure assets will be launched. Also Read: Infra budget sought, infra budget granted Govt reveals core sector growth rates Industry reacts to Budget 2021-22 What the Budget holds for us: A webinar

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