India will invest as much as Rs5.97 trillion in creating and upgrading infrastructure in the next financial year, finance minister Arun Jaitley said in his budget speech on Thursday.
Infrastructure has emerged as one of the prominent focus areas for the Narendra Modi-led government at the Centre. In the last three years, the National Democratic Alliance (NDA) government has ventured into several new projects spanning diverse ministries.
Union Minister Nitin Gadkari on Thursday invited global investors to participate in the development of India’s infrastructure sector.
The first four infrastructure investment trusts (InvITs) which are likely to hit the primary markets in FY18 could reduce the overall debt of sponsor groups by close to INR130 billion
Enhanced budgetary allocation of Rs 3.96 lakh crore to the infrastructure sector would boost order inflows and is positive for companies in the segment, ratings agency Icra said today.
It’s a bold and game changing Budget, the government has focused on higher spending in rural economy, agriculture, housing and infrastructure
Data from the Reserve Bank of India (RBI) on bank lending to the infrastructure sector shows a sharp contraction over the last two years.