Breaking news

A new line of argument has already come to dominate the public sphere: it’ more The government has gone one step further to detect community spread of the more The government has issued an order to abolish the six allowances, including more Aarogya Setu application launched by NIC is aimed to track COVID-19 affected more SEOUL| South Korea’s unemployment rate was unchanged in April as the more Amid the outbreak of Corona pandemic in the country, Indian government has more Prime Minister Narendra Modi in his address to the nation on Tuesday indicated more Corona infection in the country is taking a macabre form. So far, more than 74 more Congress General Secretary Priyanka Gandhi Vadra has written a letter to UP more On Tuesday, Prime Minister Narendra Modi announced a package of Rs 20 lakh more

Modi lures investors with 1000 km of Metro Rail projects in 100 Smart cities


Prime Minister Narendra Modi on Tuesday pitched the global investors with 1000 km of Metro Rail projects to be completed by 2022. Speaking at the 3rd Annual Bloomberg New Economy Forum, PM Modi invited investors to invest in India’s urban centres.

“If you are looking to invest in urbanisation, India has exciting opportunities for you. If you are looking to invest in mobility, India has exciting opportunities for you. If you are looking to invest in innovation, India has exciting opportunities for you. If you are looking to invest in sustainable solutions, India has exciting opportunities for you. These opportunities come along-with a vibrant democracy. A business-friendly climate and a huge market. And a government which shall leave no stones unturned to make India a preferred global investment destination,” he said while talking via video conferencing.

Mentioning the ramification of COVID-19 he said, “It has shown us that cities, which were our growth engines are also our vulnerable zone. Thus the post-COVID-19 world will need a restart.”

He informed the forum that Metro Rail systems are under construction in 27 cities. 100 more cities have also been selected through a two-stage process. These cities have prepared projects worth ₹ 3 lakh crore or $ 30 billion.

Modi government has plans to do massive infrastructure spending in the next 3-4 years to achieve the target of $ 5 trillion economy. Over ₹ 100-lakh crore were planned to be pumped into the infrastructure department to achieve the goal. However, the lockdown-induced economic slowdown put a halt to Modi government’s plans.

Of the ₹ 100-lakh crore, 39 per cent was supposed to come from the Centre and the States while the remaining 22 per cent from the private sector. However, the cash strapped Central and state governments are now not in a position to fund such massive spending plans at all.

Story Page