+
NPG identifies projects worth Rs 4.5 trillion for Gati Shakti
ROADS & HIGHWAYS

NPG identifies projects worth Rs 4.5 trillion for Gati Shakti

India has identified infrastructure projects worth Rs 4.53 trillion to improve urban connections and promote manufacturing, which will now be implemented under the PM Gati Shakti masterplan.

The Network Planning Group (NPG) has identified many road, rapid train, metro, and railway projects, as well as petroleum pipelines, as critical infrastructure initiatives that must be completed as soon as possible. The move follows the government's announcement in the budget of a Rs 10 trillion capex plan for the upcoming fiscal year.

The NPG's support, which includes the leaders of the planning divisions of eight ministries and departments, is projected to result in faster project approvals and implementation.

"The NPG assesses the initiatives developed by several infrastructure ministries. It then recommends these projects to the Ministry of Finance and the ministry that proposed them "According to a senior government official.

While proposing connectivity initiatives, the PM Gati Shakti principles require an integrated approach. "Infrastructure that is multi-modal or inter-modal, as well as last-mile connectivity, should be addressed. Once mapped on the National Master Plan (NMP), it will also provide the best answer in terms of project alignment "According to the official.

The infrastructure gaps have been identified under NMP in response to suggestions from ministries in charge of industries like as steel, which would benefit from these initiatives.

There are 63 projects in total, with the Pune-Bengaluru Expressway being the most capital-intensive, costing 49,241 crore. The 107-kilometer Delhi-Gurgaon-SNB (Shahjahanpur-Neemrana-Behrod) Regional Rapid Transit System (RRTS) corridor, which is part of the Delhi-Alwar RRTS line, is the second most valuable at 37,987 crore.

The development of trunk infrastructure components for the 5,796.68-acre Dighi Port Industrial Area, which is part of the Delhi Mumbai Industrial Corridor, is the most expensive project approved by the National Industrial Corridor Development Corporation, with a project cost of 5,410.04 crore.

Also Read
Pune Metro Line 3 speeds up project work, erects 300 piers
Mist spray technology used in Patna Metro to combat dust pollution

India has identified infrastructure projects worth Rs 4.53 trillion to improve urban connections and promote manufacturing, which will now be implemented under the PM Gati Shakti masterplan. The Network Planning Group (NPG) has identified many road, rapid train, metro, and railway projects, as well as petroleum pipelines, as critical infrastructure initiatives that must be completed as soon as possible. The move follows the government's announcement in the budget of a Rs 10 trillion capex plan for the upcoming fiscal year. The NPG's support, which includes the leaders of the planning divisions of eight ministries and departments, is projected to result in faster project approvals and implementation. The NPG assesses the initiatives developed by several infrastructure ministries. It then recommends these projects to the Ministry of Finance and the ministry that proposed them According to a senior government official. While proposing connectivity initiatives, the PM Gati Shakti principles require an integrated approach. Infrastructure that is multi-modal or inter-modal, as well as last-mile connectivity, should be addressed. Once mapped on the National Master Plan (NMP), it will also provide the best answer in terms of project alignment According to the official. The infrastructure gaps have been identified under NMP in response to suggestions from ministries in charge of industries like as steel, which would benefit from these initiatives. There are 63 projects in total, with the Pune-Bengaluru Expressway being the most capital-intensive, costing 49,241 crore. The 107-kilometer Delhi-Gurgaon-SNB (Shahjahanpur-Neemrana-Behrod) Regional Rapid Transit System (RRTS) corridor, which is part of the Delhi-Alwar RRTS line, is the second most valuable at 37,987 crore. The development of trunk infrastructure components for the 5,796.68-acre Dighi Port Industrial Area, which is part of the Delhi Mumbai Industrial Corridor, is the most expensive project approved by the National Industrial Corridor Development Corporation, with a project cost of 5,410.04 crore. Also Read Pune Metro Line 3 speeds up project work, erects 300 piers Mist spray technology used in Patna Metro to combat dust pollution

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

DGTR Proposes Anti-Dumping Duty on Aluminium

The Directorate General of Trade Remedies (DGTR) has proposed imposing an anti-dumping duty of up to Rs.577 per tonne on aluminium frames imported from China, as reported by the Economic Times. This move aims to address concerns about unfair trade practices and protect the domestic aluminium industry from the adverse effects of low-cost imports. The proposed anti-dumping duty comes in response to allegations that Chinese aluminium frames are being sold in the Indian market at prices below fair market value. Such practices are deemed harmful to domestic manufacturers, potentially leading to ma..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Talk to us?