Infra Development Getting Pace
S.K.Khanna
Despite countless hiccups including global economic slowdown, shrinking sentiments and severe cash crunch, the Union government in the past two years has not just been able to bring the infrastructure development on the right track but also maintaining its pace. This was largely due to the multi-pronged initiatives including speeding up of project delivery, streamlining implementation and execution mechanism and changes in the infra developmental models and project award process to kick start the stalled projects.
The last two years have been the best period with visible sign of economic recovery and faster pace of infra development, which is currently quite visible on the ground. The sustained and concerted efforts by the government have led to the resolution of countless issues on stalled projects and initiation of action like one time capital infusion offer to revive projects delayed due to funding shortage. This in fact, triggers positive impact across infra segments including roads and highways, railways, ports, civil aviation, renewable energy and power generation. To upscale the momentum, the PM has assigned targets to key ministries and has also directed them to achieve the assigned task before the end of the financial year. In addition, the targets will regularly be monitored by government think tank—NITI Aayog. This high level intervention came into effect shortly after the Aayog made sector-vise presentation to the PM.
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NBM&CW July 2016
