Rs 880 tn investment in infra by 2047 for high growth: Govt
ECONOMY & POLICY

Rs 880 tn investment in infra by 2047 for high growth: Govt

According to an estimate presented to the Council of Ministers this week, it was stated that India would require an investment of Rs 845-880 trillion between 2023 and 2047 to achieve infrastructure development and financial growth similar to that of China. The estimate recommended a roadmap for enhancing key infrastructures in order to meet future needs. The targets include increasing the length of highways by 1.6 times, expanding port capacity fourfold, and doubling the railway network. This includes the construction of 20,000 km of elevated tracks and 4,500 km of bullet train corridors within the next 24 years. Additionally, there are plans to increase the number of Vande Bharat trains to 4,500 and install Kavach, an indigenous anti-collision system, in all trains.

Between 1995 and 2020, China witnessed significant growth in gross domestic product, air trips, Metro Rail lines, and rail freight. The estimates highlight that approximately 56% of the projected investment, which amounts to around Rs 490 trillion, will be required for upgrading urban infrastructure. This includes laying approximately 5,000 km of mass rapid transit systems (MRTS) across 75 cities, compared to the existing network of only 750 km in 27 cities. Sources indicate that the focus will be on the Central government utilising the Finance Commission (FC) and Centrally Sponsored Schemes (CSS) devolutions to encourage reforms in governance, planning, and finances of the urban local bodies (ULBs).

According to the roadmap, the government aims to achieve 100% e-governance in all towns and implement digital property tax collection with regular assessments. The target is also set to have at least one Indian city among the top 100 livable cities worldwide by 2030, and five cities by 2047.

Government projections suggest that the number of Indian towns with a population of over one lakh would increase to 980 by 2040 and 1,500 by 2047.

Currently, there are 770 such towns across the country.

A source revealed that faster and seamless mobility, reducing the logistics cost to 8% of the GDP, and minimising transportation time have been identified as the major areas of focus. For instance, the group of secretaries on infrastructure has proposed setting a target for barrier-free and multimodal tickets, as well as intra-city mass transit options reachable within a 10-minute walk.

Also read:
KEC bags new orders worth Rs 1,042 cr
15km pod taxi corridor in Noida up for grabs

According to an estimate presented to the Council of Ministers this week, it was stated that India would require an investment of Rs 845-880 trillion between 2023 and 2047 to achieve infrastructure development and financial growth similar to that of China. The estimate recommended a roadmap for enhancing key infrastructures in order to meet future needs. The targets include increasing the length of highways by 1.6 times, expanding port capacity fourfold, and doubling the railway network. This includes the construction of 20,000 km of elevated tracks and 4,500 km of bullet train corridors within the next 24 years. Additionally, there are plans to increase the number of Vande Bharat trains to 4,500 and install Kavach, an indigenous anti-collision system, in all trains. Between 1995 and 2020, China witnessed significant growth in gross domestic product, air trips, Metro Rail lines, and rail freight. The estimates highlight that approximately 56% of the projected investment, which amounts to around Rs 490 trillion, will be required for upgrading urban infrastructure. This includes laying approximately 5,000 km of mass rapid transit systems (MRTS) across 75 cities, compared to the existing network of only 750 km in 27 cities. Sources indicate that the focus will be on the Central government utilising the Finance Commission (FC) and Centrally Sponsored Schemes (CSS) devolutions to encourage reforms in governance, planning, and finances of the urban local bodies (ULBs). According to the roadmap, the government aims to achieve 100% e-governance in all towns and implement digital property tax collection with regular assessments. The target is also set to have at least one Indian city among the top 100 livable cities worldwide by 2030, and five cities by 2047. Government projections suggest that the number of Indian towns with a population of over one lakh would increase to 980 by 2040 and 1,500 by 2047. Currently, there are 770 such towns across the country. A source revealed that faster and seamless mobility, reducing the logistics cost to 8% of the GDP, and minimising transportation time have been identified as the major areas of focus. For instance, the group of secretaries on infrastructure has proposed setting a target for barrier-free and multimodal tickets, as well as intra-city mass transit options reachable within a 10-minute walk. Also read: KEC bags new orders worth Rs 1,042 cr15km pod taxi corridor in Noida up for grabs

Next Story
Infrastructure Urban

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Next Story
Infrastructure Transport

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Next Story
Infrastructure Urban

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->