Page 59 - Abhivruddhi

Factors for Infrastructure Development
There are some factors on which this infrastructure development is
dependent.
The first and the foremost is the Government initiative. As far as
infrastructure is concerned, the Government must put in the money and
then and then only it will grow. As far as India is concerned, there are two
big sectors, if these big sectors move, India will move with great speed on
growth path.
The first sector is Agriculture. We are agriculture-based country,
the maximum labour orientation and employment is in the agriculture
field, as far as workforce is concerned. For agriculture, it depends on the
Government strategies and its policies and the nature. If there is a good
rainfall, then there is a good harvest.
The second biggest sector is Infrastructure, where in the next workforce
is required as far as employment is concerned. In case of infrastructure if
the Government invests on a large scale, then and then only it is possible.
If the Infrastructure industry moves, the basic industries like steel,
cement, transport and automobile industry, the construction equipment
grows at an accelerated rate and the economy also gets momentum with
the development and progress of infrastructural activities.
The third is the Housing development, the Bank rates and the policies.
The Government has introduced MahaRERA. The honourable Prime
Minister also introduced some schemes, like housing for all by 2022. This
is again a major progressive factor.
The fourth important factor is international investment or foreign
investment. If there are improved, promotional and encouraging policies
for ease of doing business, then investors are looking for this opportunity
in India.
The fifth growth driver for infrastructure, is Public, Private Partnerships,
the PPP model. The Government is aiming at this. For this investment,
there are several good investors in India, outside India and all over the
globe and they are expected to invest in these PPP models.
From the recent past we can see that Railways along Metro rail has had
a great success. Considering just the financial year 2021, Indian Railways
has the highest ever total planned Capex of Rupees 2,15,000 crore.
As per the Union budget 2021, the Ministry of Railways, has been
allocated 1,10,000/-Crore Rupees. This is regarding Railways and Metro.
For the roads and Airports also, the same condition applies. In Union
budget 2021 the Government allocated Rupees 60,200 Crores for road

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