Gadkari pitches for higher priority for agri, infrastructure investments in Budget 2018

22 Jan 2018 Evaluate

With India targeting to achieve double digit growth in due course, the Union minister Nitin Gadkari has expressed hope that the finance minister will give more priority to agriculture and infrastructure investment in the forthcoming budget. He said the government has set a target to double agriculture income by 2022 and increase agriculture growth rate to more than 10%. He added that this will be a landmark for the country. He also said that the government's ambitious infrastructure projects of roads, shipping, ports and inland waterways will be completed with investment of Rs 8,00,000 crore by March 2018.

Terming infrastructure as very important for the country, the minister said they need world-class water, power, transportation and communication infrastructure. Stressing the importance of ‘world class infrastructure’ for the all-round development of the country, he said that currently 28 km of roads are being built per day from 2 km per day in 2014 and next year, it will touch 40 km per day.

The Cabinet has already cleared projects of Rs 7,50,000 crore under Bharatmala projects and by end of March 2018, they will complete investment of Rs 8,00,000 crore in infrastructure and many of which is from private sector. They have increased annual budget for road project from Rs 40,000 crore to Rs 1,30,000 crore annually this year and targeting Rs 1,50,000 crore next year. The road construction would further gather momentum with average addition of 28 km per day by March this year and 40 km per day by next year.

Gadkari said his ministry has sanctioned Rs 1,00,000 crore for irrigation projects in Maharashtra's draught prone areas. Urging the state governments to adopt new modes of transport like waterways, he said that 10,000 seaplanes would be brought into operation in the country over the next two years. He also warned that in the next three months rules and regulations should be put in place for operating seaplanes in the country.

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