+
Budget 2024 Anticipated to Boost Urban Infrastructure
ECONOMY & POLICY

Budget 2024 Anticipated to Boost Urban Infrastructure

With Budget 2024 on the horizon, there is widespread anticipation for a significant push in urban infrastructure development. Expectations centre around an augmented capital expenditure outlay, signalling the government's commitment to catalysing growth in the urban sector. Additionally, stakeholders are optimistic about a potential extension of the National Monetisation Pipeline (NMP) timeline, enhancing the scope for strategic infrastructure monetization.

The envisaged rise in capital expenditure is poised to stimulate key sectors, including transportation, housing, and utilities, fostering economic growth and employment opportunities. The potential extension of the NMP timeline reflects a strategic approach to maximizing the benefits of infrastructure monetisation initiatives, aligning with the government's vision for sustainable and resilient urban development.

As the government shapes its budgetary allocations, the urban infrastructure sector is poised to play a pivotal role in driving economic recovery and advancing the nation's developmental goals. Stakeholders across industries will be closely monitoring the budget announcements, particularly those related to capital expenditure and the NMP, as they hold the key to shaping the trajectory of urban infrastructure initiatives in the coming fiscal year.

With Budget 2024 on the horizon, there is widespread anticipation for a significant push in urban infrastructure development. Expectations centre around an augmented capital expenditure outlay, signalling the government's commitment to catalysing growth in the urban sector. Additionally, stakeholders are optimistic about a potential extension of the National Monetisation Pipeline (NMP) timeline, enhancing the scope for strategic infrastructure monetization. The envisaged rise in capital expenditure is poised to stimulate key sectors, including transportation, housing, and utilities, fostering economic growth and employment opportunities. The potential extension of the NMP timeline reflects a strategic approach to maximizing the benefits of infrastructure monetisation initiatives, aligning with the government's vision for sustainable and resilient urban development. As the government shapes its budgetary allocations, the urban infrastructure sector is poised to play a pivotal role in driving economic recovery and advancing the nation's developmental goals. Stakeholders across industries will be closely monitoring the budget announcements, particularly those related to capital expenditure and the NMP, as they hold the key to shaping the trajectory of urban infrastructure initiatives in the coming fiscal year.

Next Story
Infrastructure Urban

HAVER & BOECKER Marks a Century of Fascinating Engineering

HAVER & BOECKER is celebrating 100 years of the Machinery Division. It kicked off the year-long festivities in May by hosting customers and industry partners from around the globe for an anniversary event at its headquarters in Oelde, Germany. The occasion also commemorated milestones for two subsidiaries: 50 years of IBAU HAMBURG and 25 years of AML Anlagentechnik, highlighting HAVER & BOECKER’S enduring legacy and technological leadership.The anniversary celebrations will all feature a short reflection on the past before jumping into a showcase of continuous innovation and a clear ..

Next Story
Equipment

MYCRANE Launches Auction Tool to Make Crane Rental Faster

MYCRANE, the first global platform for online crane rental, has launched a powerful new MYCRANE Auction feature, designed to improve transparency, accelerate rentals and deliver greater value for both customers and suppliers. MYCRANE Auction supports multiple auction types—including reverse auctions, forward auctions, and sprint formats—giving customers full flexibility in how they engage with suppliers. At launch, the reverse auction format is expected to be the most commonly used, particularly for high-value, urgent, or competitive rental jobs. Accessible via the main rental pl..

Next Story
Infrastructure Urban

EVMS Raises Concern Over Illegal E-Rickshaw Operations

The Electric Vehicle Manufacturers' Society (EVMS), representing more than 200 organised and MSME EV manufacturers across India, held a press conference at the Press Club of India, highlighting two major challenges facing the country’s electric mobility sector. These include the widespread operation of illegal e-rickshaws and the sharp increase in low-quality imports. Shri Rajiv Tulli, General Secretary of EVMS and an industry veteran with over 25 years of experience, led the session. He made a strong case for urgent policy action, regulatory clarity, and coordinated steps from all stakehold..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?