x

Like our Facebook Page

   
Early Times Newspaper Jammu, Leading Newspaper Jammu
 
Breaking News :   MLA Bahu Vikram Randhawa visit ward no 48 Kalika colony | Flood Fury in Jammu: Tony urges CM to convene emergency meeting with MLAs, DDCs | Empowered Youth Empowered Kashmir: A 42 RR Initiative | LG Ladakh outlines vision for industrial growth, sustainable rural tourism | HC quashes preventive detention of Kathua resident | SDM Mahore directs Field staff not to leave station | ADC Doda reviews arrangements for Eid Milad-un-Nabi | DB Quashes Bar Council Order, Restores Advocate’s Enrollment | BSF Jammu organises Medical Camp for Border villages | Bovine smuggling bid foiled, 10 bovines rescued, 1 vehicle seized | Court Acquits Husband in Wife’s Death Case | 1 missing lady traced out, reunited with her family by jkp in Pounichak | I may forgive RJD-Cong but people of Bihar won’t Pardon them for insulting my mother: PM | Centre likely to announce package for flood-hit families after Amit Shah’s visit | August turns deadliest month, natural calamities claim 150 lives in Jammu | Continuous rainfall forces school closure | JKBOSE postpones class 10th, 11th exams | Traffic suspended on Jammu-Srinagar highway | Weather advisory issued | Red alert in J&K for thunderstorms, flash floods | Day 8: Vaishnodevi yatra remains suspended | Kathua Police bust Pak-backed drone smuggling syndicate, arrest four | Fake social media accounts of AIIMS Jammu busted case challaned by PS CICE Jammu | CBK books 4 in Rs 53 lakh land fraud scams | Education system and the Obligations of Institutions | The Unseen Margin of Error: Negligence, Grief and Delhi’s Stray Crisis | Are we persona ficta or real persons with responsibility to act? | Time To Build Resilience | Dryland Agriculture Centre organizes Stakeholders’ Workshops, Interaction meetings | DC Srinagar reviews progress of development works under CAPEX, CDF, flagship schemes | DC Bandipora inaugurates Aadi Karmayogi BLMT orientation program at Chitternar | Power Shutdown | KVK Pulwama organizes Rural Credit Workshop at Wachi Zainapora | ABRSM Poonch delegation meets CEO, raises key issues of Teachers’ Community | Tawi Welfare Society appreciates step of BJP MLAS | Shri Mata Vaishno Devi Narayana Superspeciality Hospital successfully treats rare, critical cardiac condition in 16-Year-Old Boy | Under NMBA, JKSPYM SLCA organized a one-day awareness program | Central Govt Pensioners’ Welfare Jammu celebrates birthday | India poised to lead global semiconductor market: Chandan | DC inaugurates inter-district provincial level Kho-Kho tournament at Kulgam | Udhampur Police’s crackdown on bovine smuggling | Humanity First India extends helping hand to flood-affected families | Shri Amar Kshatriya (Rajput) Sabha members visits flood affected areas | LIC proudly celebrates its significant milestone of 69th Anniversary | Jammu boy shines in National Kickboxing Championship | National ranking table tennis returns to Delhi after 13 years | JKEDI holds boot camp at HKM Degree College Bandipora | SMVDU Students Shine at IEEE YESIST12 2025 Grand Finale | KVK Bandipora-1 organises awareness programme | Defence Correspondents Course-2025, commences Indian Army leg, forward Area Tour in J&K | MCM oganises four-day First Aid Training | Desh Bhagat University School of Law, IIC Organize Innovation, Entrepreneurship Training Program | 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