Infra development is key for making India a $5 tn economy
ECONOMY & POLICY

Infra development is key for making India a $5 tn economy

India's Prime Minister is fervently pursuing the vision of elevating the country to a $5 trillion economy, with a primary focus on robust infrastructure development. In his view, the cornerstone of this ambitious endeavor lies in addressing critical aspects such as water supply, power generation, transportation networks, and communication systems.

The Prime Minister underscores the indispensable connection between infrastructure development and catalyzing industrial growth and capital investments. A well-established infrastructure framework, he believes, is the catalyst for attracting industry and capital, both of which are prerequisites for generating employment opportunities. The ultimate goal, he emphasizes, is to eradicate poverty, a mission intricately linked to employment creation.

One significant initiative aligned with this vision is India's participation in the G20 Alliance for Biofuel. This alliance represents a substantial stride towards energy sustainability and self-reliance. India is already harnessing advanced technology to produce ethanol from a diverse range of sources, including sugarcane juice, molasses, various types of molasses (B-molasses, C-molasses), corn, food grains, rice, wheat, and even bamboo. Notably, a new ethanol production facility has been established in Panipat, specializing in the conversion of rice straw into ethanol.

Moreover, Indian Oil, a leading energy corporation, is poised to expand its biofuel efforts by producing not only ethanol but also bio-bitumen and bio-aviation fuel. The Prime Minister expresses optimism about future technological advancements, including the potential to convert carbon dioxide into ethanol, which could be a transformative development for the nation.

India's commitment to infrastructure development and sustainable energy solutions reflects its dedication to achieving economic growth and prosperity, aligning with the Prime Minister's overarching vision for the nation's future.

India's Prime Minister is fervently pursuing the vision of elevating the country to a $5 trillion economy, with a primary focus on robust infrastructure development. In his view, the cornerstone of this ambitious endeavor lies in addressing critical aspects such as water supply, power generation, transportation networks, and communication systems. The Prime Minister underscores the indispensable connection between infrastructure development and catalyzing industrial growth and capital investments. A well-established infrastructure framework, he believes, is the catalyst for attracting industry and capital, both of which are prerequisites for generating employment opportunities. The ultimate goal, he emphasizes, is to eradicate poverty, a mission intricately linked to employment creation. One significant initiative aligned with this vision is India's participation in the G20 Alliance for Biofuel. This alliance represents a substantial stride towards energy sustainability and self-reliance. India is already harnessing advanced technology to produce ethanol from a diverse range of sources, including sugarcane juice, molasses, various types of molasses (B-molasses, C-molasses), corn, food grains, rice, wheat, and even bamboo. Notably, a new ethanol production facility has been established in Panipat, specializing in the conversion of rice straw into ethanol. Moreover, Indian Oil, a leading energy corporation, is poised to expand its biofuel efforts by producing not only ethanol but also bio-bitumen and bio-aviation fuel. The Prime Minister expresses optimism about future technological advancements, including the potential to convert carbon dioxide into ethanol, which could be a transformative development for the nation. India's commitment to infrastructure development and sustainable energy solutions reflects its dedication to achieving economic growth and prosperity, aligning with the Prime Minister's overarching vision for the nation's future.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?