According to the World Bank, India will need more private and public investment, which will increase the actual investment rate from GDP to 33..5% to 33535. Ministries have been asked to identify big projects as per the goal of 2047. A senior government official Told told ET, “India has given new emphasis on large infrastructure projects needed in accordance with the objectives of 44747.
The highest level committee has been aimed at setting the high level committee, including Pawan Goenka, Chairman of the Indian National Space Promotion and Authorization Center (Space) and the top policy representative.
“The approval of the large infrastructure, known under the scheme of 44747, is being classified for speed clearance,” the official said. The Center started creating Vision 2047 plans in 2023 and created them next year. The final touch-up for these schemes is currently underway. As part of its developed India plan, the target of the Ministry of Road Transport and Highway is on the investment of Rs 1 lakh crore in the next 2-3 years. The purpose of the construction of the entry-controlled highway is, the important part of which is likely to come from the private sector. Both Shipping and Railway Ministries have been focusing on the ability of the World Class Infrastructure to meet India’s needs with bullet trains and mega shipbuilding clusters by 2047 and the creation of World Class infrastructure.
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