FIEO said India has huge potential to boost it's exports of goods and services from the current $535 billion.
According to the CPWD, in a recent meeting with secretaries, the prime minister directed that every ministry will prepare a five-year Vision Document (STVD) within a month.
The innovation centres would be used as tinkering laboratories to solve urban issues, including traffic congestion, mosquito breeding, stray dog menace or pollution due to local industries.
Gadkari’s ministry is actively scouting for ways to encourage private participation in the sector.
Addressing the joint sitting of both Houses of Parliament, the President said massive work to create infrastructure is underway, and electric vehicles (EVs) are being promoted to reduce pollution.
Leasing of warehousing spaces went up by 77 per cent last calendar year to 46.2 million sq ft, a property consultant said.
NHAI expects the new deal will value the expressway at $1-1.2 billion (Rs 7,000-8,000 crore), said two people close to the development.
The success of the third round of Toll-operate-Transfer (TOT) bundle will define the feasibility of the model introduced in 2016 for monetization of publicly-funded highways, the agency said.
The third auction assumes significance given that this is coming after an unsuccessful second bundle where investors quoted a discount to the NHAI's base price following which it was cancelled.
Around Rs. 17 lakh crore has been invested in roads, shipping and highways sector over the last five years, Gadkari said.
Rebooting the BOT move is part of the govt plan to revive the framework which has failed to woo private firms that were exposed to more risks.
Other suggestions were to contain the rising cost of infrastructure projects and rationalisation of various levies in infrastructure sector
Bids were invited on Thursday for a cumulative 566 kms of highway stretches in Bihar, Jharkhand, Tamil Nadu and Uttar Pradesh
The Government of Japan has decided to invest around Rs 13,000 Crore in several ongoing as well as new projects in different states of India's North- Eastern region.
Work has begun for improving public transport system.
The plans include offering attractive schemes to private players, such as the already identified 3,000 km.
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