Govt committed to fast-track all infra projects: PM Modi

The Prime Minister highlighted the massive reforms undertaken by the NDA-led government in infrastructure sector, particularly railway and said there are plenty of announcements which will soon be transformed into actuality The Dollar Business Bureau

Investors have for long identified India’s infrastructure sectors as one of the key aspects of their investment-related decision making

The NDA-led government is committed to expedite all infrastructure-related projects, Prime Minister Narendra Modi reiterated on Friday, adding the emphasis is not only on highways, but also on railways and I-ways (Information ways). “Our endeavor is for a quantum jump in infrastructure, for a breakthrough, for fast-tracking projects and for quick-decision making. The importance of roads for a nation is the same as the importance of arteries and veins in the human body. We have taken a comprehensive and integrated approach to identify major problems and eliminate them,” Modi said. The Prime Minister was speaking at the inauguration of “Setu Bharatam”, a bridge-building measure with an initial investment of Rs.50,000 crore to ensure seamless travel on the Indian national highways. The Prime Minister also highlighted the massive reforms undertaken by the NDA-led government in infrastructure sector, particularly railways and said there are plenty of announcements which will soon be transformed into actuality. Aun Jaitely, in his Union Budget speech on February 29, had given an apparent emphasis on the country’s infrastructure sector and had allocated a sum of Rs.2.21 trillion to upgrade infrastructure across the country. This was also a part of the government’s push to make India a better connected country, remove bottlenecks in infrastructure among many others, and to send a positive signal to the foreign investors. Investors have for long identified India’s infrastructure sectors as one of the key aspects of their investment-related decision making. Last month, in an interactive session organised by the Federation of Indian Export Organisations (FIEO), Richard Verma, the United States Ambassador to India, had pointed out India’s infrastructure as one of the key domestic bottlenecks, compelling the American investors to compare India with other smaller countries such as Vietnam, China, Malaysia and even Bangladesh. The Prime Minister said the government is keen to developing the country’s rural roads, and the allocation of a huge budgetary support was a step in this direction. The Road transport and highway Ministry has also introduced an Indian Bridge Management System (IBMS), in order to survey bridges by using mobile inspection units. It has appointed 11 consultancy firms to carry out this project.

March 05, 2016 | 03:05pm IST

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The Dollar Business Bureau - Mar 05, 2016 09:28 IST

Govt committed to fast-track all infra projects: PM Modi

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