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To learn more about our privacy policy Click hereRoads & Highways account for the highest share, followed by Railways and Urban Public Transport. The government has set ambitious targets for the transport sector, such as creating a 2 lakh km national highway network by 2025 and increasing airport capacity from 140 to 220. Plans also call for operationalizing 23 waterways by 2030 and building 35 Multi-Modal Logistics Parks (MMLPs). Budget allocations to infrastructure ministries increased from INR 3.7 Lakh Cr in FY23 to over INR 5 Lakh Cr by FY24, offering private investors investment opportunities across various transport subsegments.
As the transport sector looks to address sustainability challenges, private investors can seize upon an enabling policy environment to accelerate infrastructure marvel of India. Public-Private Partnerships (PPPs) have proven themselves an indispensable means for engaging the private sector across multiple infrastructure domains in India, from airports, ports, highways, and logistics parks to airports, ports, highways, and logistics parks. Beyond assistance from central government schemes and state administrations across various schemes, India requires strong support from PPPs in order to meet its goal of reaching a $5 Trillion economy by 2025.
In 2021, the government released the PM Gatishakti National Master Plan (NMP), with an emphasis on major transport sectors to strengthen multimodal connectivity infrastructure in various economic zones. This plan seeks to bring together infrastructure schemes such as Bharatmala, Sagarmala and UDAN into one plan. The NMP provides a digital platform that provides access to an extensive database of trunk and utility infrastructure projects currently ongoing or proposed by ministries/departments of both Central Government and States/UTs. Integrating GIS-enabled PM Gatishakti platform, this allows for efficient planning, designing and monitoring of next-generation infrastructure projects through one portal. According to India Investment Grid database (IIG), there are currently 15,580 projects worth $2388.93 Bn in various stages of development.
Alongside this, the National Logistics Policy addresses development of integrated infrastructure and efficiency of services through its Comprehensive Logistics Action Plan (CLAP). Together, they form a framework for creating a data-driven decision support mechanism in the country's logistics ecosystem that enhances efficiency while decreasing costs.
Major Plans for Indian Infrastructure:
There are various PPP projects currently underway across various industries - for instance developing Pune metro line 3, Hyderabad metro extensions and Chennai's multi modal logistics park as examples.
India must prioritize both urban and rural development to ensure overall national advancement. As of February 2024, of all 7,991 projects completed under the Smart Cities Mission, 6,753 had been successfully implemented - showing significant progress made. India has made significant advances in developing digital infrastructure, with rural areas projected to contribute significantly to new internet user growth; TransUnion CIBIL estimates that by 2025 56% of total new internet users would come from rural India, reflecting its increasing connectivity between rural and urban regions within its borders.
Conclusion
Infrastructure Growth in India plays an essential role in driving India's economic development and overall progress. Cooperation between these sectors is integral for creating resilient infrastructure that sets India up for a prosperous and sustainable future for all of its citizens.
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