August 15, 2020
1 min read

Modi proposes Rs 100 Lakh Crore Infra funding

The Prime Minister, Shri Narendra Modi paying floral tributes at the Samadhi of Mahatma Gandhi, at Rajghat, on the occasion of 74th Independence Day, in Delhi on August 15, 2020.

With an aim to boost the infrastructural capacities of the nation, Prime Minister Narendra Modi on Saturday announced that India will spend Rs 100 lakh crore on 7,000 National Infrastructure projects. For this, he said, a very big plan has been prepared to connect the entire country with Multi-Modal Connectivity.

“About 7,000 projects of different sectors have also been identified. It would be like a new revolution in infrastructure. The country is moving towards spending more than Rs 100 lakh crore on this project,” Modi said during his speech from the Red Fort on the 74th Independence Day.

Mentioning the need to eliminate silos in the era of infrastructure, Modi said there is a need to give a new direction to the overall infrastructure so that India moves towards modernity at a fast pace.

“This need will be met with the National Infrastructure Pipeline Project.” He said many big companies of the world are turning to India presently and that “we have to move forward with the mantra of Make in India as well as Make for World”.

 

At the event, the Prime Minister also announced that a new national cyber security strategy has been drafted in the country. He said India is alert, cautious and is taking decisions to counter these threats and is constantly developing new systems.

Modi further announced that every village in the country will be connected with optical fibre in the coming 1,000 days and that the goal will be met.

Informing that only five dozen panchayats in the country were connected with optical fibre before 2014, Modi said 1.5 lakh gram panchayats in the country have since been connected with optical fibre in the last few years.

He said Lakshadweep will also be connected to submarine optical fibre cable.

To give modern infrastructure to the farmers of the country, he said, an Agriculture Infrastructure Fund of Rs 1 lakh crore has been created.

Also Read: MODI: India’s Sovereignty Is Supreme

Also Read: Modi Gives Call For Aatmanirbhar Bharat

Previous Story

UAE, US, Israel ink deal to bring peace & progress

Next Story

Sena Orders Arnab To Apologise

Latest from Business

Mulk, Patil Groups Unveil Virtual Hospital   

Mulk International and DY Patil Group Launch Regional First Virtual Hospital with AED 100M Investment and more than 20,000 doctors on board. The new Initiative introduces Mulk Med Virtual Hospitals ecosystem across

RBI’s New Game Plan 

The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock

‘Govt very cautious on FTAs’ 

Jaishankar said that the government tries to keep farmers’ and MSMEs’ (Micro, Small and Medium Enterprises) interests while negotiating the terms of FTAs   External Affairs Minister S Jaishankar on Thursday said
Go toTop