February 2015 \ Business & Investment \ Infrastructure
Government Setting Base

The central Government is creating 500 ready-to-bid projects worth Rs 3 lakh crore to augment the country’s infrastructural growth, union Road Transport and Highways Minister Nitin Gadkari said in December.

He also said that his ministry has created a section to prepare detailed project reports (DPR) to supervise progress of all ongoing projects.

“We are going to have 500 projects worth more than Rs 3 lakh crore ready with processes like land acquisition, forest clearance and other clearances,” he said at the Infrastructure Summit, organised by Indo-American Chamber of Commerce (IACC).

This is in addition to the roll-out of Rs 1.8 lakh crore worth of projects out of Rs 2.8 lakh crore stuck projects.

Blaming the erstwhile United Progressive Alliance (UPA) Government for the poor development of the infrastructural sector in India, Gadkari said the industry has been suffering since the last decade owing to faulty policies of the UPA.