The recent impetus on Infrastructure sector by the Union Finance Minister in the recent budget speech through PM Gati Shakti National Master Plan and focus on development of transport infrastructure aligned with the National Infrastructure Pipeline is a welcome move.
Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development.
The Union Budget 2022-23 also highlights the following key points :
- The National Highways network will be expanded by 25,000 km in 2022-23 with INR 20,000 crore of additional resources mobilized through innovative financing to complement public resources.
- The Government of India is expected to invest highly in the infrastructure sector, mainly highways, renewable energy, and urban transport
- Allocation of INR 60,000 crore has been under Har Ghar, Nal Se Jal with an aim to cover 3.8 crore households in 2022-23.
- INR 48,000 crore is allocated under PM Awas Yojana for construction of 80 lakh houses in 2022-23.
CII in association with NHAI, ICEMA and BAI is organising the 11th Edition of Excon 2021 which is scheduled to be held in 17th - 21st May 2022 at Bengaluru.
Mr Jaswinder Singh Bakshi
Chairman - Task force on User Industry CXO Participation &
Senior Vice President - Tata Capital Services Limited