New policy to boost infra investment
ECONOMY & POLICY

New policy to boost infra investment

The government will soon come out with a comprehensive policy to drive more resources to the infrastructure sector based on the PPP model for infrastructure development. It proposes to spend Rs 2.72 lakh crore on the transport and energy sectors out of the Rs 5.92 lakh crore earmarked in the Central Plan for 2011-12. The allocation for the sector accounts for 45.95 per cent of the total plan outlay.

This marks an increase of 9.68 per cent over the budget estimates of the previous year. Since investment in infrastructure is critical for maintaining the growth trajectory of the economy, the government intends to continue its focus on the sector. Besides raising the outlays in the Central Plan, the Budget announced other important initiatives for funding the projects, including those in the private sector and the PPP models. The major initiatives include creation of an infrastructure debt fund and raising the limit of foreign institutional investors   (FII) in corporate bonds.

The government will soon come out with a comprehensive policy to drive more resources to the infrastructure sector based on the PPP model for infrastructure development. It proposes to spend Rs 2.72 lakh crore on the transport and energy sectors out of the Rs 5.92 lakh crore earmarked in the Central Plan for 2011-12. The allocation for the sector accounts for 45.95 per cent of the total plan outlay.This marks an increase of 9.68 per cent over the budget estimates of the previous year. Since investment in infrastructure is critical for maintaining the growth trajectory of the economy, the government intends to continue its focus on the sector. Besides raising the outlays in the Central Plan, the Budget announced other important initiatives for funding the projects, including those in the private sector and the PPP models. The major initiatives include creation of an infrastructure debt fund and raising the limit of foreign institutional investors   (FII) in corporate bonds.

Next Story
Infrastructure Energy

Solar Module Capacity Under ALMM Declines to 67.1 GW

The Ministry of New and Renewable Energy (MNRE) has expanded its Approved List of Module Manufacturers (ALMM) by including Easy Photovoltech and Akshaya Solar Power (India), contributing an additional 81 MW and 33 MW, respectively. Despite these additions, the total approved solar module manufacturing capacity has declined from 67,401 MW to 67,188 MW, as some companies' registrations have expired. With these updates, the number of solar module manufacturers under ALMM has risen to 92.Additionally, FS India Solar Ventures, ReNew Photovoltaics, Blue Bird Solar, and Australian Premium Solar (Indi..

Next Story
Infrastructure Urban

360 ONE Asset to Acquire 15% Stake in Bharti AXA Life Insurance

Bharti AXA Life Insurance has announced a strategic investment from funds managed by 360 ONE Asset, which will acquire a 15% stake in the company. This investment is set to strengthen Bharti AXA’s growth trajectory, drive innovation, and expand its market share within India’s competitive life insurance sector. The transaction, which remains subject to regulatory approval, marks a significant milestone for Bharti AXA Life Insurance as it continues to scale operations and refine its product offerings.A wholly-owned subsidiary of Bharti, Bharti AXA Life Insurance has been instrumental in prov..

Next Story
Infrastructure Energy

Socomec Launches Superior Efficiency UPS

Socomec, a leading global specialist in LV power management solutions, proudly announces the launch of its latest solutions – the DELPHYS XM, an advanced Uninterruptible Power Supply (UPS) system ranging from 300 to 800 kVA/kW, and the DIRIS A-100/A-200, the ultimate all-purpose panel-mounted power quality meters, specifically designed to meet the demands of modern Data Centres and other critical infrastructures. With the DELPHYS XM offering advanced power management capabilities and the DIRIS A-100/A-200 providing intuitive energy monitoring, these products are set to revolutionize how indu..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?