Center to support key infrastructure projects in upcoming budget
ECONOMY & POLICY

Center to support key infrastructure projects in upcoming budget

In the forthcoming budget, the Center will heavily support crucial infrastructure-gap projects that have been identified using the PM Gati Shakti National Master Plan. Additionally, it might give governments more financial assistance for carrying these out.

According to government officials, key projects include last-mile infrastructure links for the agriculture, food, steel, and coal industries as well as rail, port, and road developments. The kinds of projects that will receive priority consideration are those that require the doubling of railway lines or the enlargement of highways over a short distance to clear obstructions, according to a senior government official. There are now 197 such crucial infrastructure gaps that the government has recognized. "These would get an additional allocation and focus under the Gati Shakti," a senior government official told ET. "Bottlenecks that slow down movement of goods will be targeted."

The PM Gati Shakti National Master Plan for Multi-modal Connectivity, which was introduced in October 2021, is a digital platform that unites 16 ministries, including those in charge of roads and railroads, to plan and carry out infrastructure connectivity projects in a coordinated manner.

"Most of these projects would fall under the economic corridors which have been identified. These will be East Coast Economic Corridor, Delhi-Mumbai, or Bangalore-Chennai," said Arindam Guha, partner, government and public services, Deloitte India.

See also:
An Era of Seamless Transit and Transportation Beacons
Gross budgetary allocation for railroads to increase by 29% in budget


In the forthcoming budget, the Center will heavily support crucial infrastructure-gap projects that have been identified using the PM Gati Shakti National Master Plan. Additionally, it might give governments more financial assistance for carrying these out. According to government officials, key projects include last-mile infrastructure links for the agriculture, food, steel, and coal industries as well as rail, port, and road developments. The kinds of projects that will receive priority consideration are those that require the doubling of railway lines or the enlargement of highways over a short distance to clear obstructions, according to a senior government official. There are now 197 such crucial infrastructure gaps that the government has recognized. These would get an additional allocation and focus under the Gati Shakti, a senior government official told ET. Bottlenecks that slow down movement of goods will be targeted. The PM Gati Shakti National Master Plan for Multi-modal Connectivity, which was introduced in October 2021, is a digital platform that unites 16 ministries, including those in charge of roads and railroads, to plan and carry out infrastructure connectivity projects in a coordinated manner. Most of these projects would fall under the economic corridors which have been identified. These will be East Coast Economic Corridor, Delhi-Mumbai, or Bangalore-Chennai, said Arindam Guha, partner, government and public services, Deloitte India. See also: An Era of Seamless Transit and Transportation BeaconsGross budgetary allocation for railroads to increase by 29% in budget

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?