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Union Budget 2022: Announcement of the Vande Bharat Project, says vested interests were trying to stall project

Union Budget 2022: Announcement of the Vande Bharat Project, says vested interests were trying to stall project

Union Finance Minister Nirmala Sitharaman announced on Tuesday that 400 Vande Bharat Express said they would be introduced in the next three years. “400 new generation Vande Bharat trains with improved efficiency to be transported over the next 3 years;

Gati Shakti Cargo Terminal will be developed over the next 3 years and implementing innovative means for building metro systems,” FM Sitharaman announced in Lok Sabha while presenting the Union Budget 2022. Presenting the Budget of the Union for 2022-23 in Lok Sabha, the Minister of Finance said that in advancing on this parallel path, we place the following four priorities PM Gati Shakti, inclusive development, improvement of productivity and investment, opportunity for dawn, energy transition and climate action and investment finance synonymous with Indian infrastructure can be stopped through an integrated approach to planning and coordinated implementation of infrastructure connectivity projects in the form of Gati Shakti which touch on energy transition, climate action, logistics and connectivity.

The initial allocation of ₹20,000 crore to 100 lakh crore is laudable the and highly sought measure. However, it remains to be seen how the implementation of funds and the progress of infrastructure projects will be digitally enabled and controlled to remove bottlenecks in the provision of infrastructure. the initial cornerstone for reviving energy and infrastructure in India. Integrating and upgrading the national infrastructure pipeline with Gati Shatki with real-time upgrading of infrastructure projects will increase investor confidence and increase private sector participation. “said Vishnu Sudarsan, partner, J.Associati Sagar (JSA).

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