PM Reviews Rs 620 Bn Infra Projects at PRAGATI Meeting
ECONOMY & POLICY

PM Reviews Rs 620 Bn Infra Projects at PRAGATI Meeting

Prime Minister Narendra Modi chaired the PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, earlier today.

During the meeting, Prime Minister reviewed three major infrastructure projects with a cumulative cost of over Rs 620 billion, spanning the sectors of Road Transport, Power, and Water Resources located across various States and UTs. Emphasizing the strategic importance of these projects, he called for concerted efforts to overcome implementation bottlenecks and ensure their timely completion.

Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes.

During a review of public grievances linked to the Real Estate Regulatory Authority (RERA), Prime Minister emphasized the need to improve the quality and timeliness of grievance disposal to ensure justice and fairness for homebuyers. He asked State Governments to ensure the mandatory registration of all eligible real estate projects under the RERA Act. The Prime Minister emphasised that strict compliance with RERA provisions is critical for restoring trust in the housing market.

Prime Minister examined notable best practices related to the development of the Semiconductor Ecosystem in India. He emphasized that such initiatives can serve as a guiding model for others and inspire broader adoption across States and UTs, thereby strengthening the National Semiconductor Mission.

Up to the present PRAGATI meetings, 373 projects having a total cost of around Rs 20.64 trillion have been reviewed.

"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."

Prime Minister Narendra Modi chaired the PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, earlier today.During the meeting, Prime Minister reviewed three major infrastructure projects with a cumulative cost of over Rs 620 billion, spanning the sectors of Road Transport, Power, and Water Resources located across various States and UTs. Emphasizing the strategic importance of these projects, he called for concerted efforts to overcome implementation bottlenecks and ensure their timely completion.Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes.During a review of public grievances linked to the Real Estate Regulatory Authority (RERA), Prime Minister emphasized the need to improve the quality and timeliness of grievance disposal to ensure justice and fairness for homebuyers. He asked State Governments to ensure the mandatory registration of all eligible real estate projects under the RERA Act. The Prime Minister emphasised that strict compliance with RERA provisions is critical for restoring trust in the housing market.Prime Minister examined notable best practices related to the development of the Semiconductor Ecosystem in India. He emphasized that such initiatives can serve as a guiding model for others and inspire broader adoption across States and UTs, thereby strengthening the National Semiconductor Mission.Up to the present PRAGATI meetings, 373 projects having a total cost of around Rs 20.64 trillion have been reviewed.

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