Rs.6 lakh crore for infra projects
India is to invest Rs.6 lakh crore on infrastructure and develop 600 major railway stations in the coming years, said Prime Minister Narendra Modi.
“Our target is to re-develop 600 major Railway Stations in coming years. All these investments decisions will speed up development and are expected to generate lakhs of jobs in the coming years,” he said.
The Railways will make an investment of Rs.1.48 lakh crore in 2018-19.
“Today our focus is on infrastructure investment and next year we will be investing about Rs. 6 lakh crore in this sector.This year we aim to complete more than 9,000 kilometers length of National Highways.
“We will be developing 35,000 kilometers of roads with investment of Rs. 5.35 lakh crore under ‘Bharatmala’ project.
Many new sectors have been opened for 100% Foreign Direct Investment (FDI) through automatic route like Automobiles, Textiles, Tourism, Ports, Roads & Highways. Today, India is one of the most preferred destinations for FDI, he said.
India received US$60 billion FDI in 2016-17, the highest on record.
“The world sees India today, as an emerging power house for economic growth,” said Modi at the Advantage Assam Global Investor Summit which was held 3-4 Feb 2018. fii-news.com.
