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India's Infrastructure Development Story

Contributing a current 7.74% share to India's GDP, the construction sector has proved itself as a prime element for the Indian economy.

Source: http://statisticstimes.com/economy/sectorwise-gdp-contribution-of-india.php

The Union Budget 2018-19, the Government of India has announced it's support to the infrastructure sector by allocating Rs. 5.97 lakh crore (US$ 92.22 billion) to the sector.

Source: https://www.ibef.org/download/Infrastructure-Report-April-2018.pdf

The total FDI received in the Construction Development sector during January, 2000 to December, 2016 was Rs. 114,595.77 crore (US$ 24.29 billion).

Source: https://dipp.gov.in/sites/default/files/Chapter6.2.ii__2.pdf

The Government of India has shortlisted 100 smart cities & proposed projects with investments of Rs 1.91 lakh crore (US$ 30.02 billion).

Source: http://www.newindianexpress.com/nation/2018/jan/01/nearly-rs-2-lakh-crore-investment-proposed-for-90-smart-cities-union-minister-hardeep-puri-1741989.html

In the new emerging India, Tier 2 cities have stayed an untapped asset of the country. This is due to their in-built advantages like availability of land, manpower and natural resources. These cities project India’s growth story for tomorrow.

Quotes

"With the help of Indian technical and economic cooperation, 160 nations have improved their infrastructure." - Shri Narendra Modi, Hon'ble Prime Minister of India

Source: https://www.ndtv.com/india-news/160-nations-improved-infrastructure-with-indian-technology-pm-narendra-modi-in-dubai-1811367

"Investments worth over Rs 4 lakh crore have been approved for improving urban infrastructure in the three years of the Modi government" - Shri M. Venkaiah Naidu, Vice President of India

Source: https://realty.economictimes.indiatimes.com/news/regulatory/investments-of-rs-4-lakh-crore-for-urban-development-cleared-in-3-years-venkaiah-naidu/58865878

"Infrastructure projects will create 50 lakh jobs. If today we are building 14 km of road per day, by next March, we hope to take it up to 30 km. My own hope is we can take it to 100 km per day." - Shri Nitin Gadkari, Minister for Road Transport & Highways

Source: https://www.rediff.com/money/interview/nitin-gadkari-on-how-he-will-transform-india/20151016.htm

"Contracts awarded under the Smart Cities Mission would show results by June 2018 as the work is already in full swing" - Shri Hardeep Singh Puri, Union Minister of State with Independent Charge in the Ministry of Housing and Urban Affairs

Source: https://www.ibef.org/archives/detail/b3ZlcnZpZXcmMzc5MzMmMTA5

"Maharashtra has made a giant leap in the infrastructure sector with projects worth Rs 5.96 lakh crore, which will boost the overall GSDP of the state." - Shri Devendra Fadnavis, Chief Minister of Maharashtra

Source: https://indianexpress.com/article/india/maharashtra-demonetisation-gst-fdi-in-infrastructure-industrial-projects-will-boost-growth-says-cm-devendra-fadnavis-4912938/

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