Over the past ten years, India has made significant expenditures in infrastructure development as the government prioritises this industry as a crucial engine of economic growth. To support infrastructure growth, a number of programmes have been implemented, including the National Infrastructure Pipeline (NIP), Make in India, and the production-linked incentives (PLI) programme. Let's look at the developments made in the many areas of infrastructure development throughout this time.
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India's Infrastructure Development A Decade of Progress and Investment Opportunities
1. Over the past ten years, India has made significant expenditures in infrastructure development as
the government prioritises this industry as a crucial engine of economic growth. To support
infrastructure growth, a number of programmes have been implemented, including the National
Infrastructure Pipeline (NIP), Make in India, and the production-linked incentives (PLI) programme.
Let's look at the developments made in the many areas of infrastructure development throughout
this time.
Roads and Highways:
From Rs. 33.31 thousand crores in 2014–15 to Rs. 2.70 lakh crore in 2022–23, the budgetary
allotment for roads and highways has increased by an impressive 8 times. Compared to roughly 12
km per day in 2013–2014, the rate of highway construction has increased to a record high of about
37 km per day in 2021. Additionally, since 2014, the overall length of National Highways has grown
by more than 66%, rising from around 91.3 thousand km to more than 1.44 lakh km as of December
2022. India has set a goal of building 60 km of motorways every day and is actively seeking
investment in its road and highway infrastructure.
India's Infrastructure Development: A Decade of Progress and
Investment Opportunities
2. Railways:
With over 85% of the broad gauge network already electrified, Indian Railways has made impressive
strides in electrifying its train system. India's most populous state, Uttar Pradesh, attained 100%
electrification in 2023. A major objective is the development of the railway infrastructure, and the
India Investment Grid acts as a comprehensive site exhibiting potential in this industry. Additionally,
by loading more than 1,400 million tonnes of freight in 2021–2022, Indian Railways marked an
important milestone. Another area of attention is station reconstruction, with 45 stations now
undergoing refurbishment at various phases. Currently, the IIG site offers approximately 750
projects to potential investors in this industry.
Metro Rail:
The operational metro network has been significantly expanded across India by the government. By
2023, there will be 20 cities with operating metro networks, up from 5 in 2014. As of August 2022,
there were 775 km of completed metro lines, and another 1,000 km were still being built. The
development of urban infrastructure must include urban transit, and the IIG site now provides
investors with over 50 options in this area.
Civil Aviation:
The UDAN (Ude Desh ka Aam Nagrik) initiative, which aspires to meet the expectations of the
ordinary man, has concentrated on improving air connectivity in tier II and III cities. Over 1 crore
people (as of December 2022) would benefit from the 467 UDAN routes that presently connect 70
underserved or unserved airports, including heliports and water aerodromes. 148 airports have also
been operationalized by the government, with an emphasis on enhancing connectivity in the
northeast. The Government of India has made investments in civil aviation infrastructure a top
priority in order to broaden the reach of civil aviation throughout the nation.
Ports, Shipping, and Inland Waterways:
When compared to 2013–14 (16.09 million tonnes), the amount of goods handled across inland
waterways is expected to increase by over seven times in 2021–22 (108.79 million tonnes). There
are now 111 waterways in the nation overall, comprising 106 new waterways and 5 older ones.
Additionally, the average port turnaround time dropped from 96 hours in 2014–15 to 52.80 hours in
2021–22. The average turnaround time for containers at major ports has also decreased, going
from 35.21 hours in 2014–15 to 27.22 hours in 2021–22. Through the development of investment
possibilities in port, shipping, and inland waterway infrastructure as well as the reduction of
turnaround times, these initiatives support the goal of boosting India's logistics industry.
Multi-Modal Infrastructure:
India has actively built multi-modal infrastructure to boost connectivity and the effectiveness of its
logistics system. The nation has eased seamless movement of products and passengers by
integrating various means of travel including road, rail, air, and waterways, enabling quicker and
more affordable mobility. The project known as the Dedicated Freight Corridor (DFC) is a great
illustration of this strategy. The DFC project intends to provide a seamless transportation network
particularly created for freight movement, lowering transit time, enhancing dependability, and
expanding freight transportation capacity. It does this by combining rail, roads, and inland
waterways.
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Fox&Angel, infrastructure brands gain access to a wealth of resources, seize untapped
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market.
Source – Business consultant – Ranjan Das Talks