SPCPL's consolidated revenue nearly doubled between FY16 and FY19 - the latest year for which its finances are available - growing at a compound annual growth rate of 24 per cent
As on September 18, India's foreign exchange reserves stood at $541.67 billion
Chidambaram has advised the government to increase spending in infrastructure to revive the Indian economy, as the GDP has contracted by 23.9 per cent in the first quarter of the 2020-21 fiscal.
PM's I-Day speech had focused on areas such as health and infra for a self-reliant New India. The second of a three-part series looks at the challenges in banking on infra spending to spur growth
Apart from optic fibre, transmission and gas pipelines, a large number of industrial clusters are planned on its side
A person close to the development said that of the various vaccine candidates under development now globally and in India, it is not yet clear how many shots would be required for each one
The minister called India as the most favourable destination for foreign investment and urged foreign investors to reap rich dividends by investing in the country's infra, MSMEs, banks, NBFCs
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above
The private sector, experts say, can play a vital role in helping the government create an enabling ecosystem to attract investments from abroad
The expenditure incurred on these projects till December 2019 was Rs 10,89,178.11 crore, which is 44.06 per cent of the anticipated cost of the projects
Nurturing ambition and setting high targets are important attributes of planning and governance
The UK's National Infrastructure Commission provides some lessons
The domestic financial sector, including banks, will have a crucial role in financing the envisaged capex
To achieve a truly transformational infrastructure push, resources such as land will have to be leveraged and innovative financial structures deployed to attract private capital
These projects, worth over Rs 24,000 crore, are spread over Odisha, Telangana, Maharashtra, Jharkhand, Bihar, Karnataka, Andhra Pradesh, Kerala and Uttar Pradesh
The ministry has also launched another campaign on Budget promises and delivery with tag '#HamaraBharosa'.
Financing projects will be the biggest challenge
Analysts, in unison, gave a thumbs up to the latest measure by the government to boost the sagging economy but cautioned that more needed to be done to resolve existing issues
While Rs 102 trillion to be invested during this period would be spread between 12 broad sectors, almost one-third of the projects are still in conceptual stage
"We will spend Rs 2 trn in infrastructure projects in this fiscal (2019-20) and Rs 3 trn in the next fiscal (2020-21) to boost the economy and generate employment in thousands," Gadkari said