English Release 17-September 2014
- Prime Minister's Office
- Chinese President and First Lady visit Sabarmati Riverfront, accompanied by the PM
PM and Chinese President visit Sabarmati Ashram.
- PM and Chinese President Xi Jinping witness signing of 3 MoUs in Ahmedabad
- PM launches Swavlamban Abhiyaan - new pro-poor initiatives of the Gujarat Government
- Min of Agriculture
- Finance to 5 Lakh Joint Farming Groups of “Bhoomi Heen Kisan” through Nabard in the Current Financial Year
- Min of Commerce & Industry
Deputy USTR Meets Commerce Secretary
- India to be Partner Country in Hannover Messe Fair During April 2015
- Gilead Briefs Nirmala Sitharaman about their Licensing Agreements with Seven India-Based Generic Pharmaceutical Manufacturers
- Min of Defence
- Operation Megh Rahat : 17 sep 14
Restoration of connectivity
- Opening Ceremony : Exercise Yudh Abhyas 2014
- Ministry of Finance
- Bank of Maharashtra Celebrates its 80th Foundation Day; Crosses the Business Level of Rs 2 Lakh Crores
- CMD, IFCI Ltd. Presents A Dividend Cheque of Rs. 92.30 Crore to the Union Finance Minister
- Min of Health and Family Welfare
- Medical Relief Operation Stepped up in J&K
- Min of Home Affairs
- A delegation of Unified Naga Council calls on the Union Home Minister
- Union Minister for Surface Transport & Highways and Shipping Calls on Union Home Minister
- Uttarakhand Minister calls on Union Home Minister
- Union Home Minister to attend Sixth Meeting of SAARC Ministers of Interior / Home at Kathmandu
- Min of Labour & Employment
- Shri Narendra Singh Tomar presents Vishwakarma and Safety Awards
- Min of Micro,Small & Medium Enterprises
- Govt Lobbying Hard for Base Rate Interest Regime for MSME : Kalraj Mishra
- Min of Minority Affairs
- Dr.Najma Heptulla Announces Rs.120 Crore Relief and Rehabilitation Package for J&K Flood Victims
- Min of Petroleum & Natural Gas
- Ministry of Petroleum & Natural Gas takes several measures to ensure availability of essential petroleum products in the aftermath of floods in the state of Jammu and Kashmir.
- Daily Crude oil price of Indian Basket was US$ 95.92/bbl on 16.09.2014
- Ministry of Railways
- Commodity-Wise Freight Revenue Earnings of Railways Goes Up by 16.70 Per Cent in August 2014 & 10.67 Per Cent During April-August 2014
- Min of Textiles
- Textiles Minister Honours 54 Women Achievers in Sericulture
- Min of Women and Child Development
- Press Note of Union Ministry of Women & Child Development
Prime Minister's Office06-June, 2012 20:24 IST
|Prime Minister's closing remarks at the Meeting to finalise the Targets for Infrastructure - FY 12-13|
|Following is the text of the Prime Minister, Dr. Manmohan Singh’s remarks at the meeting to finalise the targets for infrastructure – FY12-13: |
“I am very happy that a detailed exercise has been undertaken for finalising targets for the major infrastructure sectors for the year 2012-13. We are all aware of the need to give a major push to these important sectors and today’s exercise is a part of our efforts in that direction. I would like to compliment all those who have been associated with this very important exercise.
After achieving remarkably high growth rates over the past eight years and emerging as the second-fastest growing large economy in the world, we are now running into more turbulent weather. The global economy is passing through difficult times with the Eurozone being the cause of concern all around. There is a flight to safety taking place globally. Then there has been the persistent problem of rising international prices of petroleum and other commodities in the last few years. Domestically, rising demand, along with supply side bottlenecks have contributed to inflationary pressures. All these factors combine to constitute a formidable economic challenge.
In these difficult times, we must do everything possible to revive business and investor sentiment. We must work to create an atmosphere which is conducive to investment and to removing any bottlenecks that may be hurting the growth process. We as a government are committed to taking the necessary measures to reverse the present situation and revive and revitalize India's growth story. We are aware that we have to act on multiple fronts to achieve this and we will indeed do all that is required of us.
I am sure all of us would agree that development of infrastructure would always be an integral part of any viable strategy for faster economic development. In the short term, development of infrastructure will boost investment rates across the economy. In the long run, it will remove the supply constraints that affect economic activity in agriculture, industry and trade. The needs of the infrastructure sector are vast – estimated at over $ 1 trillion in the next five years. The government alone cannot invest such huge amounts and therefore it is important that we involve the private sector in our efforts, through Public Private Partnerships.
The targets that we are setting for ourselves today are certainly ambitious and impressive. They are a significant scale up over earlier performance. For example in roads, we plan to award 9,500 kms of roads for construction this year and over 4,000 kms for maintenance under the new system. In Railways we plan to award work on the Elevated Rail Corridor in Mumbai, two new Loco manufacturing units and the PPP stretch of the Dedicated Freight corridor, in addition to redeveloping 4 or 5 stations through PPP mode. In shipping we have set for ourselves the challenging task of awarding work for two new Major PPP Ports, the first in decades, in addition to capacity addition targets which are three times the targets for the last year.
In Civil Aviation, work will be awarded on three new Greenfield airports in Navi Mumbai, Goa and Kannur and new international airports at Lucknow, Varanasi, Coimbatore, Trichy and Gaya. Also, two new hubs will be developed in the country making us a destination as well as a transit point. In Power, we plan to add a record 18,000 MW of capacity.
The challenge now is to work together to achieve these targets, and deal with all the bottlenecks that may come in the way. I would urge all the Ministries to go the extra mile in implementing what we have planned. I would expect them to very expeditiously resolve any inter-ministerial differences or turf battles that might arise as we move forward.
I am encouraged by your efforts and I am confident that we will deliver. I wish you all the very best and I look forward to reviewing the second and third quarterly progress reports.”
(Release ID :84737)