FICCI National Committee on Infrastructure welcomes Union Budget 2015
Setting up of Rs 5000 crore National Investment Infrastructure Fund (NIIF) in the new budget is being viewed positively. FICCI National Committee on Infrastructure Co-chairman and Chairman, International Road Federation (IRF) K K Kapila welcomes increased investment in infrastructure as it boosts infra projects.
Indian infrastructure deficit is enormous, and new investments infrastructure sector investments were required over a five-year period to improve connectivity, and boost energy supplies. Insufficient infrastructure across varied sectors has prevented the economy from realising its full potential.
FICCI National Committee on Infrastructure welcomes the announcement for 5 ultra mega power projects of 4000 MW each. the project will fulfilling energy needs. Allocation increase to the roads sector by Rs 14,031 crore and railways by Rs 10,050 crore are positive drivers. Transport, road and rail sector improvement will boost Indian economy through better connectivity.