About two-thirds of the FDI flows have come into infrastructure construction and the next largest share has been taken by renewables
Robust rebound in demand and sharp drop in input prices lifted operating margins of cement firms in the past few quarters
November sees 421 infrastructure projects, each with an investment of Rs 150 crore or more, facing cost overruns exceeding Rs 4.40 lakh crore, states official report.
The 1,762 infrastructure projects are also facing cost overruns of Rs 4,77,280.69 crore or 19 percent of the total cost.
The cost escalation of the 809 delayed projects added up to more than Rs 4.65 lakh crore as of July.
Eight ministries have been identified for this exercise so far, which have time till November to cut delays in their respective departments by 20 percent
PFC also plans to raise up to Rs 5,000 crore via public issue of NCDs.
In the road transport and highways sector, 402 out of 749 projects are delayed. For railways, out of 173 projects, 115 are delayed, while in the petroleum sector, 86 out of 145 projects are running behind schedule, as per the latest flash report on infrastructure projects for March 2023.
In October 2021, PM Gati Shakti - National Master Plan was launched with an aim to develop an integrated and planned infrastructure to reduce logistics costs.
The city’s road network, spanning 14,000 km (of which major road networks comprise less than 20 percent), had a total vehicle population of 1.08 crore until February this year.
This follows PM Narendra Modi last week flagging the cost overruns and delays in completing infra projects in India.
Often urban infrastructure projects cannot be financed through debt or private sector financing due to inadequate project development, the lack of a bankable project pipeline, and high costs involved during the early stages of project development
On the second day of his two-day tour of the state, the Prime Minister in all launched nine projects worth Rs 15,233 crore in virtual mode from the Andhra University Engineering College grounds and unveiled a plaque.
In the road transport and highways sector, 262 out of 835 projects are delayed.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,559 projects, 428 projects reported cost overruns and as many as 647 projects were delayed.
"We are carrying out 20 railway projects worth Rs 74,000 crore for 2,011 km, which are spread across the northeast," Sitharaman said.
The expenditure incurred on these projects till February 2022 is Rs 13,26,569.75 crore, which is 49.87 percent of the anticipated cost of the projects
The development of multimodal logistics parks, roads, cargo terminals etc. under the Gati Shakti framework is likely to improve pan-India connectivity and reduce the logistics costs.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
The government's master plan to push ahead Rs 100 lakh crore of investment depends on whether different arms of the bureaucracy and state governments work in sync
Public-Private Partnership has a mixed track record of failures and successes but the government is confident about it, given its success in airports, railways and many highways, and wants a new policy that will facilitate private investment.
At a time when directly generating demand is the need of the hour, the government has chosen to pump in money into schemes which will bear fruit slowly. But the announcements in the export sector are set to have long term impact in augmenting India's export footprint globally.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
Earlier on June 4, the FM Nirmala Sitharaman held a virtual meeting with senior government officials to discuss the infrastructure roadmap ahead. In the meeting, Sitharaman had discussed on the issues of capital expenditure plans of ministries and their Central Public Sector Enterprises (CPSEs).
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.