Corridors to the Future
Business Today India|April 16, 2023
The infra thrust through dedicated freight corridors will propel India towards becoming a global industrial hub
MANISH PANT
Corridors to the Future

AS SOME PARTS of India reeled under massive power outages in April 2022 due to a sharp decline in coal stocks at some of the country’s biggest thermal power plants, one of the government’s recent infrastructure projects—dedicated freight corridors (DFCs)—came to the rescue. Using the DFCs, the government rushed coal from mines in the eastern part of the country to places in the North and West, saving the day. This incident, among others, has firmed up the government’s resolve to expedite work on the under-construction DFCs. In fact, with a substantial part of the work on the DFCs nearing completion by the year-end, the government is examining a proposal to establish a network of such corridors.

But the infrastructure project, with multiple such corridors, has had its fair share of challenges. Conceived in 2006, the project has received five extensions after missing several deadlines in 2014, 2017, 2018, 2020 and 2022. And in 17 years, the project outlay—initially estimated at ₹21,140 crore—has been enhanced to ₹1.24 lakh crore.

“About 90 per cent of the construction work on the western and eastern dedicated freight corridors will be completed by December 2023,” Ravindra Kumar Jain, MD of Dedicated Freight Corridor Corporation of India (DFCCIL), told BT recently. He attributed the slowdown in construction to the pandemic-induced challenges, delays in environmental clearances, illegal encroachments and local agitations holding up land acquisition.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the {{IssueName}} edition of {{MagazineName}}.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM BUSINESS TODAY INDIAView all
Look Before You Leap
Business Today India

Look Before You Leap

In 2025, Investors Will Need To Factor In Volatility Across Asset Classes

time-read
6 mins  |
December 08, 2024
"Focus on the challenge of each customer"
Business Today India

"Focus on the challenge of each customer"

SHASHANK KUMAR MD & CO-FOUNDER I RAZORPAY Razorpay is India's first full-stack financial solutions company

time-read
1 min  |
December 08, 2024
PEDAL ON THE FUTURE
Business Today India

PEDAL ON THE FUTURE

THE MG WINDSOR EV, WITH ITS FUTURISTIC AND MINIMALIST DESIGN, COMBINES THE BEST OF BOTH WORLDS-COMFORT AND TECHNOLOGY

time-read
1 min  |
December 08, 2024
BREATHE EASY
Business Today India

BREATHE EASY

Whether you're battling allergies, looking to remove pollutants, or simply want to breathe easier, the right air purifier can make a difference

time-read
2 mins  |
December 08, 2024
The Taste of India in a Glass
Business Today India

The Taste of India in a Glass

FROM ROYAL LIQUEURS TO DISTILLED MAHUA, INDIAN HERITAGE ALCOHOLIC BEVERAGES ARE HAVING THEIR DAY IN THE SUN

time-read
4 mins  |
December 08, 2024
MISSING ADVISORS
Business Today India

MISSING ADVISORS

INDIA HAS JUST ONE INVESTMENT ADVISOR FOR NEARLY EVERY 200,000 INVESTORS. AT A TIME WHEN RETAIL PARTICIPATION IN THE STOCK MARKETS IS BOOMING, THIS ASSUMES SIGNIFICANCE

time-read
7 mins  |
December 08, 2024
TURNING A CORNER
Business Today India

TURNING A CORNER

SHARED ELECTRIC MOBILITY START-UP YULU'S SHIFT TO SERVICING THE QUICK COMMERCE SECTOR IS HELPING IT GROW FAST. IT IS NOW FOCUSSING ON IMPROVING ROAD SAFETY FEATURES AS IT TURNS EBITDA POSITIVE

time-read
5 mins  |
December 08, 2024
REALITY CHECK
Business Today India

REALITY CHECK

INDIAN STOCK MARKETS PLUNGED BEGINNING OCTOBER FOR A HOST OF REASONS, INCLUDING A FALL IN FII OWNERSHIP. HOW DEEP WILL THE CORRECTION BE?

time-read
6 mins  |
December 08, 2024
TRUMP'S TRADE TANGO
Business Today India

TRUMP'S TRADE TANGO

The return of Donald Trump as the 47th President of the US has put the global economy on edge. India, too, is unlikely to remain unaffected. How will policymakers meet this latest challenge?

time-read
9 mins  |
December 08, 2024
"The essence of the Trump administration will be transactional”
Business Today India

"The essence of the Trump administration will be transactional”

Global investor, analyst, and best-selling author Ruchir Sharma decodes why Donald Trump won the elections, what India should do, the risks, and more

time-read
10 mins  |
December 08, 2024