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.
In Union Budget 2021, the
government has given a massive push to the infrastructure sector by allocating
Rs. 233,083 crore (US$ 32.02 billion) to enhance the transport infrastructure.
The government is giving
utmost priority to infrastructure development and has set a target of road
construction of worth Rs.15 lakh crore (US$ 206 billion) in the next two years.
railways received Rs. 1,10,055 crore (US$ 15.09 billion), of which Rs. 1,07,100
crore (US$ 14.69 billion) is for capital expenditure. The Ministry of Railways
plans to monetise assets including Eastern and Western Dedicated Freight
Corridors after commissioning, induction of 150 modern rakes through PPP,
station redevelopment through PPP, railway land parcels, multifunctional
complexes (MFC), railway colonies, hill railways and stadiums.
March 2021, the government announced a long-term US$ 82 billion plan to invest
in the country’s seaports. ~574 projects have been identified, under the
Sagarmala project, for implementation through 2035.
1,18,101 crore (US$ 16.20 billion) has been allocated towards road transport
and highway sector.
government announced Rs. 18,998 crore (US$ 2.61 billion) for metro projects.