₹100 Billion Opportunity for EPC Players in Namami Gange Programme: ICRA
The Namami Gange Programme (NGP) offers a ₹100 billion opportunity for Engineering, Procurement, and Construction (EPC) players, according to an ICRA report. With an estimated pending outlay of ₹150 billion, the programme presents significant growth potential for India's construction sector.
Launched in 2014 with an initial ₹200 billion outlay, the NGP aims to revitalize the Ganga and its tributaries. Now in its second phase with an approved outlay of ₹225 billion until March 2026, the initiative is backed by a $400 million World Bank credit line and private sector participation through PPP models and CSR initiatives.
As of January 31, 2025, 492 projects worth ₹401.2 billion have been launched, with 307 operational. Sewage infrastructure accounts for the largest share of funding, with 206 projects sanctioned for ₹330 billion, of which 127 are completed.
Despite strong government backing and rising budget allocations—₹995 billion for the Ministry of Jal Shakti (MoJS) in FY26, growing at 21% CAGR over a decade—the NGP faces land acquisition delays, approval hurdles, and compliance issues.
With lower competition than road, railway, and metro contracts, EPC players stand to benefit. The programme’s sunset date of March 2026 may be extended, providing sustained opportunities for the next 2.5–3 years.
