Govt to invest Rs 100 lakh crore in Infra (including Shipping & Ports) over next 5 years

NEW DELHI: Commerce and Industry Minister Piyush Goyal said the Government has chalked out a plan envisaging an investment of Rs 100 lakh crore in the infrastructure sector over the next five years.

 

“The investment will transform availability and quality of infrastructure at Airports, Roads, Highways, Railways, Ports. All infrastructure-related sectors (Aviation, Shipping, Electricity, and Oil & Gas) are going to see a huge thrust in the next five years,” Goyal said at an awards ceremony organised by the India Trade Promotion Organisation here.

 

Goyal, who is also Railways Minister said that Rs 100 lakh crore in the next five years is “not a small amount”.

 

The railways, he said, has drawn up a 12-year plan entailing an investment of Rs 50 lakh crore which is an “unheard of investment spree”.

“Obviously, the Government cannot put in this kind of money so we will have to engage the private sector. We will have to work closely through the public-private partnership model,” Goyal said.