English Release 30-September 2014
- President's Secretariat
- President congratulates medal winners in Asian Games 2014
- Prime Minister's Office
- Text of Joint Editorial by Prime Minister Shri Narendra Modi and US President Mr. Barack Obama, published on the website of Washington Post
- PM to share his thoughts with the countrymen through Radio
- Text of Prime Minister Shri Narendra Modi's interaction session at the Council on Foreign Relations in New York
- Vision Statement for the U.S.-India Strategic Partnership
- PM’s address and interaction at Council on Foreign Relations in New York City
- Min of Agriculture
- Inclusion of State of Bihar under Foot and Mouth Disease Control Programme (FMD-CP)
- Min of Commerce & Industry
- Index of Eight Core Industries (Base: 2004-05=100), August, 2014
- Min of Defence
India US Combined Military Training Exercise
- Ministry of Finance
Change in Tariff Value of Crude Palm Oil, RBD Palm Oil, Others – Palm Oil, Crude Palmolein, RBD Palmolein, Others – Palmolein, Crude Soyabean Oil, Brass Scrap (All Grades), Poppy Seeds, Areca Nuts, Gold and Silver Notified
- Task Forces as Recommended by FSLRC Constituted for Laying the Road Map for Setting-up of Resolution Corporation (RC), Financial Data Management Centre (FDMC), Financial Sector Appellate Tribunal (FSAT) and Public Debt Management Agency (PDMA)
- Centralized Processing Center (CPC), Bengluru Becomes ISO-27001:2005 Compliant
- Min of Heavy Ind. & Public Enterprises
- Shri Kapil Dev Tripathi take Charge of Secretary Department of Public Enterprises
- Min of Home Affairs
- Union Home Minister receives contribution to PMNRF from National Police Academy
- Min of New and Renewable Energy
- First Renewable Energy Global Investment Promotion Meet & Expo to be held in February 2015
- Min of Petroleum & Natural Gas
- Global crude oil price of Indian Basket was US$ 95.26 per bbl on 29.09.2014
- Min of Shipping
- Concept to be Finalised Soon for Impementation of the Sagar Mala Project
- Min of Skill Development, Entrepreneurship, Youth Affairs and Sports
- India won 2 Gold, 2 Silver and 3 Bronze Medals on Day 11 of Asian Games 2014
- Min of Urban Development
- Swachh Bharat Mission Logo and Tagline contest winners to be felicitated by Prime Minister
- Ministry of Water Resources
- Uma Bharti to Administer Swachh Bharat Shapath
- Min of Women and Child Development
- Smt. Maneka Sanjay Gandhi launches the New Guaranteed Minimum Pension Scheme in Dehradun
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)