Tag Archives: infrastructure

Presenting the Budget-2025, Nirmala Sitharaman, Finance Minister, GoI announced that three-year pipeline of projects by states to be given that can be implemented in private-public partnership (PPP) mode. Each infrastructure-related ministry is to come up with a three-year plan to be implemented in PPP mode. The outlay of ₹1.5 lakh crore is proposed for 50-year interest-free loans. The government will create a ₹1 lakh crore Urban Challenge Fund aimed at transforming cities into growth hubs. The fund will finance 25% of the cost of bankable projects, with an allocation of ₹10,000 crore for 2025-26. The remaining 50% will be funded through bonds, bank loans, and public-private partnerships (PPPs), she added.

The government of Meghalaya secures $79.05 million grant from New Development Bank. The aim is to construct cutting-edge infrastructure that will elevate the tourism industry in Meghalaya to new heights, which will expand the tourism sector.

Rakesh Verma, Additional Secretary, Tourism, has said that currently there are 0.4 million cruise passengers who board cruises from India. “The target is to take it to 4 million by 2040. For that, there is work already going in strengthening of infrastructure and developing new circuits,” he added.

Jyotiraditya Sciindia, Civil Aviation Minister, said, “Civil aviation is expected to grow from 14.5 cr passengers to 45 cr passengers by 2030. There is a huge potential in the aviation sector to be explored both in terms of passenger traffic and infrastructure”.

Rupinder Brar, Additional DG, Ministry of Tourism, Government of India said “When we look at infrastructure there are two parts of the infrastructure that drives tourism, one is infrastructure in terms of making sure that the tourists facilities are there, but what also drives tourism is connectivity. we are working with the roads ministry to make sure that the last mile connectivity, the highways are in good shape for all of us to travel. I am happy to share that in India today, we have the second largest network of excellent quality roads and as we speak, every day in India 36km of national highways are being carried. So, I must say it is a fantastic time to do road travel in India”. 

In its recommendations on corporate loan restructuring submitted by the KV Kamath-led committee to Reserve Bank of India, tourism does not feature as a problem sector among the top five, which include aviation, real estate, automobiles, infrastructure and power. The committee has suggested solutions for 29 of the 307 sectors it assessed.