New Delhi: To augment India's infrastructure and create jobs, the government has launched Rs 103 lakh crore infra projects and will release a logistic policy soon, besides accelerating highways construction, Finance Minister Nirmala Sitharaman said on Saturday. She proposed a scheme for manufacturing cell phones, semi conductors and other electronic devices. In her second Budget presentation, the finance minister said, India needs to boost domestic manufacturing and attract investment in electronic manufacturing.
The Modi government has tried to give something to every sector in this first complete budget of this financial year in its second term.
Let's know what is special for the infrastructure sector in this budget:
- The focus will be also on Inland Waterways and Jal Vikas Marg development besides aviation: FM
- There will be 2,000 km each of strategic highway projects and port connectivity projects: FM
- Accelerated development of highways will be taken up with 2,500 km access-controlled highways and 9,000 km of economic corridor: FM
- Natural gas pipeline grid to be expanded to 27,000 km from over 16,000 km now: FM.
- Rs 22,000 crore to Power and Renewable Energy sector in 2020-21, says FM.
- Rs 1.7 lakh cr provided for transport infrastructure in 2020-21: FM
- Rs 18,600 crore Bengaluru Suburban project will be launched: FM
- Rs 22,000 for power and the renewable sector will be allocated: FM
- Pre-paid Smart Meters in the next three years will be replaced by conventional metres: FM
- Air fleet will be double from 600 to 1200 by 2024: FM
- 100 more airports would be added by 2024 under the UDAN scheme: FM
- Proposal for setting up large solar power capacity alongside rail track is under consideration: FM.
- New economy based on innovations, IoT, 3D printing, quantum computing are re-inventing world order new policy for the private sector to build data centre parks throughout the country
Proposal for setting up large solar power capacity alongside rail track is under consideration: FM. - Setting up large solar power capacity: FM
- I propose to provide Rs 27300 crore for development for industry and commence for year 2020-21: FM
- The Delhi-Mumbai Expressway will be completed by 2023:FM
- NIP is improving the ease of living for every citizen. Generic and sectoral reforms are there...There is huge employment opportunity in construction, operation and maintenance of projects.National logistics policy to be announced soon: FM
- India needs to boost domestic manufacturing and attract investment in electronics manufacturing: FM.
- More than 6 thousand projects identified India needs to boost domestic manufacturing and attract investment in electronic manufacturing: FM.
- Govt proposes a scheme for manufacturing of cell phones, semiconductors and other electronic devices: FM
- The minister said Rs 103 lakh crore projects, under the National Infrastructure Pipeline (NIP), was launched in line with Prime Minister Narendra Modi's announcement of Rs 100 lakh crore infrastructure investment in five years.
"The prime minister announced Rs 100 lakh crore investment in infrastructure in next five years. NIP was launched on December 31, 2019 with Rs 103 lakh crore project pipeline...These new projects include housing, safe drinking water, clean energy, health, modern railway, airport, metro bus, logistics ...," she said in her budget speech.
