Modi 3.0: A Vision for Infrastructure Growth

June 5, 2024, 9:38 am
Indian Railway
Indian Railway
GovTech
Location: India, Delhi, New Delhi
Employees: 10001+
Founded date: 1853
Modi 3.0 is gearing up for a massive boost in infrastructure development, focusing on railways, highways, and aviation. With the return of the Modi government expected, industry insiders foresee significant investment opportunities in these key sectors. Under Prime Minister Narendra Modi's leadership, national highways have seen a 60% expansion, reaching 146,145 km by the end of 2023. The network of four-lane and wider national highways has also grown substantially, expanding to 46,179 km. Indian Railways, a vital lifeline for the nation, transported 5.85 billion passengers in FY23 and has undergone modernization efforts, including the introduction of Vande Bharat, a semi-high-speed train. The aviation sector has also seen positive growth, with airport modernization initiatives and the inclusion of smaller cities on the aviation map. Experts are optimistic about further momentum in infrastructure development if the government secures re-election. A construction industry figure anticipates accelerated infrastructure development and increased private sector participation by Q2FY25. In other news, ULB administrators in Uttarakhand have received a three-month extension, Kashi-style corridors are set to transform major cities in Uttar Pradesh, and Chief Minister Pramod Sawant inspects smart city projects, criticizing consultants for delays. The future looks bright for infrastructure growth under Modi 3.0.