Nifty99000 100%

Sensex99000 100%

Article rating: No rating
Article rating: 4.8
Article rating: 5.0
Article rating: 3.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating
Article rating: No rating
Article rating: 4.5
Article rating: No rating
Article rating: No rating
Article rating: 4.2
Article rating: 5.0
Article rating: 4.0
Article rating: No rating
Article rating: No rating


India can’t afford delay in infrastructure modernisation: Modi

Author: IANS/Tuesday, August 29, 2017/Categories: Infrastructure

India can’t afford delay in infrastructure modernisation: Modi

Udaipur, Aug 29 - Prime Minister Narendra Modi said India could no longer afford to delay modernisation of its infrastructure if the country was to scale new heights.

Infrastructure played a huge role in the nation's development but earlier governments and policy-makers often avoided such time-consuming projects involving large investments "as people often lose patience", Modi said at a public meeting here.

"But, we know that if we have to take the nation to new heights, there is a pressing need to modernise our infrastructure," Modi said.

"Be it rail, road, water or power supply, optical fibre network, waterways, or coastal connectivity, India will not benefit from any further delay in setting up this modern infrastructure," he added.

The Prime Minister said that once everything was in place, it would bring many positive changes in people's lives.

"For example, road projects entailing expenditure of Rs 9,000-crore being launched in Rajasthan will benefit farmers in taking their produce to markets of their choice. It will also enable a sick mother to get good healthcare, which may not be available in her village," Modi said.

Giving example of former Prime Minister Atal Bihari Bajpayee's Golden Quadrilateral project, Modi said it enabled farmers of Gujarat to take their produce to markets in Delhi within a day, which substantially increased their incomes.

He said road infrastructure was especially beneficial for Rajasthan, a big state with huge potential for tourism.

Modi said while the government was laying foundation stones for projects entailing expenditure of around Rs 9,500 crore, these would be completed in a time-bound manner just like the projects with expenditure of around Rs 5,600 crore were inaugurated on August 29.

He said it took 11 years for a six-lane bridge over Chambal river, costing Rs 300 crore, to be completed. 

"Compare it with projects, costing Rs 5,600 crore, which have been completed since 2014 and are being inaugurated now," Modi said. 

"We are committed to completing projects in a time-bound manner. We are trying to bring in a culture that we finish the works we start," he said.

Modi said stuck or slow-paced projects harmed the economy as the cost spiralled manifold over the years. He said it took a lot of resources and efforts to revive a stuck project.

Print Rate this article:
No rating

Number of views (340)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free