India’s Decisive Investment Push In Infrastrcture To Strength Growth
In a significant bid to beat the economic slowdown and continuing in its industry-support policy and programmes, the Government on Wednesday unveiled a jumbo plan, envisaging an investment of a huge one hundred lakh crore of rupees in the country’s infrastructure sector over the next five years. Contending that this investment binge of immense magnitude would go a substantial and substantive way in improving the availability and quality of infrastructure, the Union Minister of the Railways and Commerce & Industry Mr. Piyush Goyal asserted that all infrastructure-related sectors encompassing aviation, shipping, roads, highways, railways and ports, besides electricity and oil and gas would get a renewed impetus for rendering the domestic economy efficient in the next five years. Being the head of the vast rail networks, Mr. Goyal said the Indian Railways has drawn up a 12-year plan involving an investment of 50 lakh crore of rupees which is unprecedented in terms of the amount...