The interim budget for 2024-2025 showcases this commitment, with an allocation of ₹11.1 lakh crore for the infrastructure sector, representing approximately 3.4% of the GDP. This substantial investment reflects the government's commitment on building futuristic infrastructure. Initiatives like the PM Gatishakti National Master Plan (NMP) and the National Logistics Policy (NLP) further reinforce this commitment, laying a strong foundation for India's development.
In recent years, the government has completed several mega projects, such as the Atal Tunnel and the Chenab Bridge, demonstrating its architectural and engineering prowess on the global stage. However, there are still significant milestones to reach by the end of this decade. These include developing a 2-lakh km national highway network by 2025, operationalizing 23 waterways by 2030, and establishing 35 multimodal logistics parks. Successfully achieving these targets is crucial for driving economic growth. The concerted efforts of key stakeholders suggest a high likelihood of meeting these goals. However, the infrastructure sector faces challenges that often delay project completion. To overcome these obstacles, it is necessary to implement cutting-edge technologies like virtual twins.
Bottlenecks affecting faster infrastructure development
This story is from the November 2024 edition of Bisinfotech.
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This story is from the November 2024 edition of Bisinfotech.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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