Modi 3.0 expects huge infrastructure boost for railways, highways, aviation
ECONOMY & POLICY

Modi 3.0 expects huge infrastructure boost for railways, highways, aviation

Exit polls indicate the anticipated return of the Modi government, with the three key infrastructure sectors?railways, highways, and aviation?expected to maintain their prominence in its third term. Industry insiders foresee substantial investment prospects.

Over the past two terms under Prime Minister Narendra Modi's leadership, national highways have undergone a 60% expansion, stretching from 91,287 km in 2014 to 146,145 km by the conclusion of 2023. The network of four-lane and wider national highways has similarly grown, expanding from 18,387 km in 2014 to 46,179 km by the end of 2023.

Indian Railways, often deemed the nation's lifeline, transported approximately 5.85 billion passengers in FY23. Under the Modi administration, it has undergone significant modernization efforts, exemplified by the introduction of Vande Bharat, a semi-high-speed train, across various sectors nationwide. Likewise, the aviation sector has witnessed a positive trajectory, characterized by airport modernization initiatives and the inclusion of several smaller cities on the country's aviation map.

Experts express optimism regarding further momentum in the infrastructure sectors should the government secure re-election. A prominent construction industry figure stated, "The exit polls suggest a resounding mandate for the BJP from the Indian populace. We anticipate accelerated infrastructure development. Industry stakeholders are hopeful that by Q2FY25, there will be a substantial pipeline of highway projects, with the government seeking increased participation from major private players."

Exit polls indicate the anticipated return of the Modi government, with the three key infrastructure sectors?railways, highways, and aviation?expected to maintain their prominence in its third term. Industry insiders foresee substantial investment prospects. Over the past two terms under Prime Minister Narendra Modi's leadership, national highways have undergone a 60% expansion, stretching from 91,287 km in 2014 to 146,145 km by the conclusion of 2023. The network of four-lane and wider national highways has similarly grown, expanding from 18,387 km in 2014 to 46,179 km by the end of 2023. Indian Railways, often deemed the nation's lifeline, transported approximately 5.85 billion passengers in FY23. Under the Modi administration, it has undergone significant modernization efforts, exemplified by the introduction of Vande Bharat, a semi-high-speed train, across various sectors nationwide. Likewise, the aviation sector has witnessed a positive trajectory, characterized by airport modernization initiatives and the inclusion of several smaller cities on the country's aviation map. Experts express optimism regarding further momentum in the infrastructure sectors should the government secure re-election. A prominent construction industry figure stated, The exit polls suggest a resounding mandate for the BJP from the Indian populace. We anticipate accelerated infrastructure development. Industry stakeholders are hopeful that by Q2FY25, there will be a substantial pipeline of highway projects, with the government seeking increased participation from major private players.

Next Story
Infrastructure Energy

Solar, Wind Bolster Thermal Power Amid Record Demand

This summer, solar and wind energy have significantly aided thermal power in meeting India's record power demand. On May 30, 2024, renewables provided 15% of the total power, with peak demand reaching 250 GW. The Ministry of Power highlighted the crucial role of solar and wind energy in meeting this demand during specific hours. Thermal power contributed 176 GW, with coal being the primary source, supplying 68% of the total power. South and North India were major contributors to renewable energy, with solar generating 421.19 MU, led by Rajasthan, Gujarat, and Karnataka. Wind energy generated..

Next Story
Infrastructure Urban

India Leads Indo-Pacific Economic Pact Signing

India, along with the United States and twelve other nations, has signed a significant economic pact aimed at bolstering cooperation and development across the Indo-Pacific region. This pact, signed by leaders from these countries, marks a crucial step towards strengthening economic ties and fostering regional stability. The agreement focuses on enhancing trade relations, promoting sustainable development initiatives, and addressing shared challenges such as climate change and infrastructure development. Key areas of collaboration include technology transfer, investment facilitation, and stra..

Next Story
Infrastructure Energy

Adani Commits $1 Billion to Sri Lankan Wind Projects

Adani Group has announced plans to invest over $1 billion in wind energy projects in Sri Lanka, marking a substantial commitment to bolster the country's renewable energy sector. This investment underscores Adani's strategic focus on expanding its presence in renewable energy across international markets. The proposed wind projects aim to enhance Sri Lanka's energy infrastructure, contributing to sustainable development goals by increasing clean energy capacity. Adani's initiative is expected to create employment opportunities and stimulate economic growth in Sri Lanka, while also fostering t..

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram