Rs 100 trillion to be invested for infrastructure creation: Modi

16 Aug 2019 CW Staff

Prime Minister Narendra Modi’s sixth Independence Day speech laid special emphasis on the progress undertaken by his government after being re-elected, and in tune to that, he announced that the government would make an investment of Rs 100 trillion directed towards the development of infrastructure in the country.

He further predicted that this level of spending would aid India in doubling the growth of its economy to USD 5 trillion in the next five years.

As mentioned in the PIB release of the speech, the Prime Minister said “Our nation must march forward, but the country cannot now wait much longer for incremental progress, we will have to take a big leap, we will have to change our thinking. To make India reach the Global Standards we need to build modern infrastructure.”

Within the span of the last five years, key areas of spending under the Modi administration have been roads, railways, water, irrigation and urban infrastructure.

In his address, he highlighted the importance of developing the country across all spheres and mentioned the government’s take on ambitious projects like Sagarmala (ports) and Bharatmala (roads). Additionally, he spoke about the creation of infrastructure in areas such as clean energy, electric mobility, gas grid and efforts towards a gas-based economy.

“Earlier, when mobile phones were just in vogue, people were content that mobile phone had finally arrived. But now they discuss about data speed. We have to understand this transformation of psychology and changing times. We have to move forward in many fields, with the Global Benchmark like modern infrastructure, clean energy, gas-based economy, gas grid, e-mobility etc.”, he said.

The government’s vision of pushing forward the “Make in India” initiative also played a dominant role in the Prime Minister’s speech as he focused on creating a self-reliant nation.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..