x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   BJP corners Cong on Art 370 resolution | LA passes resolution demanding restoration of J&K special status | ‘Jai Shri Ram’ chants reverberate in Assembly | Assembly has done its job: Omar | Kashmir based parties hail resolution | CBSE cracks down on ‘dummy’ schools | Cabinet approves PM-Vidyalaxmi scheme | Terrorist killed in Bandipora encounter | Don’t trust caller id info: Cyber advisory | Delhi High Court orders surrender of Sikh leader | Voice Phishing | DC Reasi conducts extensive tour | DC Poonch convenes Public Outreach program at Mandi | Bovine smuggling attempt foiled, 05 Bovines Rescued | Awareness program held at Model Panchayat Nali | DLIC Jammu approves 127 cases | MP Khatana slams J&K Assembly’s resolution on Article 370 | National Conference celebrates passing of resolution in J&K Assembly | Satish Sharma visits FCI Godowns | CS calls for self-sustainability of SSCL & JSCL | Emergency preparedness in place for Mahakumbh | Delhi pollution: Govt forms 58 inspection teams to monitor industrial units | Archaeological body tasked to repair cracks on Jagannath Temple wall | J&K prepares for Special Gram Sabha on FRA in 393 Panchayats | Caste census will happen, says Rahul Gandhi | CBC hosts 2-day exhibition on BNS-2023, CSS | SSP Samba felicitates UPSC civil services qualifier | Dr Darakhshan inaugurates new infrastructural works | Altaf Bukhari chairs review meeting of Apni Party | DB directives in PIL on preservation, conservation of Dal Lake | Won't allow J&K Assembly to function until resolution on Art 370 withdrawn: BJP | Half-Hearted Effort | Mehbooba Mufti on J&K resolution for restoration of special status | Police arrested 4 drug peddlers | NC again resorting to old tactics, anti-national stance: Kavinder | Poster-making competition held | DC conducts surprise late-night inspection | DC Doda flags off 25 farmers | ITI Rajouri hosts convocation ceremony | DC Kathua listens to people's issues | DLTFC approves 23 loan cases under JKREGP | Skill training for MGNREGA job card holders held | DLSA Samba launches NALSA helpline 15100 campaign | Nagbani Shines in UT Roller Hockey Championship | Govt PG College Rajouri hosts seminar | LPU students shine at magnitude 2024 festival | GDC Majalta organizes awareness camp | GDC Kathua holds first-year NCC enrolment | Pinegrove triumphs in U-13 cricket tournament opener | GCW Bhagwati Nagar hosts seminar | Vigilance-Awareness Week- 2024 observed at GCW Udhampur | VC CUJ launches YUVTARANG cultural fest | Back Issues  
 
news details
India to spend Rs 143 lakh Crore on infrastructure till 2030: Report
10/17/2023 10:36:11 PM
agencies
NEW DELHI, Oct 17: India will spend nearly Rs 143 lakh crore on infrastructure between fiscals 2024 and 2030, more than twice the Rs 67 lakh crore spent in the past seven financial years starting 2017, rating agency Crisil said today.
Of the total, Rs 36.6 lakh crore will be green investments, marking a five times rise compared with the amount spent during fiscals 2017-2023, it added.
"India's infrastructure spending will double to Rs 143 lakh crore between fiscals 2024 and 2030, compared with 2017-2023," Crisil said in its Infrastructure Yearbook 2023.
Crisil Ltd managing director and CEO Amish Mehta said the agency expects India's gross domestic product to grow at an average 6.7 per cent through fiscal 2031 to be the fastest-expanding large economy.
"Per capita income is seen rising from USD 2,500 now to USD 4,500 by fiscal 2031, creating a middle-income country," he said, adding that this growth will be underpinned by massive all-round infrastructure development, with sharp focus on integrating sustainability."
While releasing 'CRISIL Infrastructure Yearbook 2023', which includes a unique national index CRISIL InfraInvex, Mehta said policy interventions and a conducive investment climate have aided the uptrend in the CRISIL InfraInvex scores across sectors.
"Four of these -- roads and highways, power transmission, renewable energy and ports -- have an overall score of 7-plus (out of 10), which underscores the pace of reforms and developments of the past few years," he added.
The rating agency noted that the next phase of infrastructure development will be marked by growth in the average ticket size of projects and a significant number of mega-scale projects. Appropriate and consistent policy and regulatory interventions and focus on timely execution build an attractive case for various stakeholders to accelerate investments across infrastructure sectors, Crisil said.
The rating agency predicted that prominent sectors such as roads and power are expected to remain major contributors, while relatively nascent ones such as EVs, solar, wind, and hydrogen will pick up pace.
"The share of EVs in India's overall automobile sales is likely to reach 30 per cent by 2030.
"Two-wheeler EV sales are expected to outpace other segments up to 2028, while demand for EV buses will be driven by state transport undertakings," it said.
According to Crisil, favourable total cost of ownership and total cost of acquisition, as well as model availability for two- and three-wheelers will support EV offtake in coming years.
It said the share of renewable energy in total capacity is estimated to grow 4x between fiscals 2023 and 2030.
While solar will account for half of the incremental non-fossil generation, Crisil said there is a growing need to leverage emerging technologies such as 'floatovoltaics' (floating solar), offshore wind technology and green hydrogen.
Noting that the hydrogen sector is poised to attract substantial investments, estimated at Rs 1.5 lakh crore between fiscals 2024 and 2030, the rating agency said mandates for green hydrogen use and incentive schemes will be important here considering the cost of production of green hydrogen is twice that of fossil-based hydrogen. Crisil said India's first sovereign green bond issuance will pave the way for the development of the domestic bond market for green issuances.
Over the past few years, global experience has shown increasing appetite for green assets among investors, leading to Indian companies seeking funds in global markets, it added.
  Share This News with Your Friends on Social Network  
  Comment on this Story  
 
 
 
Early Times Android App
STOCK UPDATE
  
BSE Sensex
NSE Nifty
 
CRICKET UPDATE
 
 
 
 
 
 
 
 
   
Home About Us Top Stories Local News National News Sports News Opinion Editorial ET Cetra Advertise with Us ET E-paper
 
 
J&K RELATED WEBSITES
J&K Govt. Official website
Jammu Kashmir Tourism
JKTDC
Mata Vaishnodevi Shrine Board
Shri Amarnath Ji Shrine Board
Shri Shiv Khori Shrine Board
UTILITY
Train Enquiry
IRCTC
Matavaishnodevi
BSNL
Jammu Kashmir Bank
State Bank of India
PUBLIC INTEREST
Passport Department
Income Tax Department
JK CAMPA
JK GAD
IT Education
Web Site Design Services
EDUCATION
Jammu University
Jammu University Results
JKBOSE
Kashmir University
IGNOU Jammu Center
SMVDU