As reported, in a bid to boost its economic growth, India is considering setting up around 100 airports by 2024 with a dedicated investment of around Rs 1 trillion towards the development of the sector.
As reported, Prime Minister Narendra Modi has stated that India is keen on promoting its cooperation with Saudi Arabia, with a major player being investments in the infrastructure sector. During his visit to the Middle Eastern country, Modi emphasised that the two nations were bringing their forces together in a bid to reduce inequality and boost sustainable development.
In a bid to promote rural infrastructure development, Prime Minister Narendra Modi reportedly stated that Rs 25 trillion will be spent on all villages spread across the country to strengthen their infrastructure.
The Federation of Indian Mineral Industries (FIMI) has reached out to Prime Minister Narendra Modi to seek intervention in order to bring about reforms that will increase and expedite growth in the mining sector. This could potentially create job opportunities for around 50 million individuals.
Reportedly, Prime Minister Narendra Modi inaugurated the Aurangabad Industrial City (AURIC) which is spread over 10,000 acre and is India’s first greenfield industrial smart city, as a part of the upcoming Delhi-Mumbai industrial corridor.
Owing to the current situation that places NHAI in a hard position, the Prime Minister’s office in a letter to the Ministry of Road, Transport and Highways (MoRTH) has stated that road infrastructure is not financially viable, adding that the agency is packed with unplanned and excessive expansion of roads.