Reduced output of cement, electricity and coal slowed the pace of expansion of India’s eight infrastructure sectors in June to 0.4%. The core sector had expanded 4.1% in May and 7% in June last year.
National Investment and Infrastructure Fund (NIIF), India’s first sovereign fund to promote infra development, on Friday assured Finance Minister Arun Jaitley of strong investment pipeline for the roads, ports, aviation and power sectors.
Progress On Renewable Energy, LED Bulbs and Rural Housing Gets A Pat From PM Modi At The Review Of Key Infrastructure Sectors
The Prime Minister called for establishment of some model solar cities, where the power requirement is fulfilled solely by solar energy. A similar effort, he said can be made to make certain localities kerosene-free.
Prime Minister, Narendra Modi on Monday reviewed progress of key infrastructure sectors including petroleum and natural gas, power, renewable energy and housing. The review meeting, which came soon after the review of connectivity-related infrastructure sectors in the last week of April, lasted for about three hours, and was attended by top officials from PMO, NITI Aayog and all infrastructure Ministries of the Government of India.
The growth of eight core sectors slowed down to a five-month low of 3.4% in January, mainly due to contraction in output of refinery products, fertiliser and cement.