India likely to bank on higher capex to accelerate growth, say sources
There is a proposal to push for at least a 15-20% hike in capex, which could be announced in the upcoming interim budget, according to sources.
Stay updated with breaking news from Greenfield Expressways. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
There is a proposal to push for at least a 15-20% hike in capex, which could be announced in the upcoming interim budget, according to sources.
Jammu Tawi, Apr 11: Setting the tone right on the track for infrastructural development, Union Minister for Road Transport and Highways Nitin Gadkari on Tuesday said that Prime Minister Narendra Modi will dedicate 670-kilometer long Delhi-Amritsar-Katra Greenfield expressway in February or March 2024 before Lok Sabha polls Gadkari while interacting with reporters here in Katra,
Gadkari, in a written reply in the Rajya Sabha, said that the total length of NHs in the country has increased from about 91,287 km to about 1,40,937 km since April 2014 till date.
We are now finding that there is a limit to how much you can expand existing alignments because they go through very crowded clusters. So the new focus is on greenfield expressways. If you see the Mumbai-Pune under Mr Gadkari, that was one of the first examples of a greenfield expressway.
Highways business changing structurally: Vinayak Chatterjee, Chairman, Feedback Infra SECTIONS Last Updated: May 25, 2021, 07:08 PM IST Share Synopsis We are now finding that there is a limit to how much you can expand existing alignments because they go through very crowded clusters. So the new focus is on greenfield expressways. If you see the Mumbai-Pune under Mr Gadkari, that was one of the first examples of a greenfield expressway. ET CONTRIBUTORS Do you feel that rural demand particularly has been hampered which will affect the recovery? Vinayak Chatterjee: There is clear evidence that...