India is set for a decade of unprecedented economic growth, driven by strategic economic reforms. Prime Minister Narendra Modi has stated that infrastructure development is the driving force of the economy, aiming to become a developed country by 2047. The government has allocated Rs 11.1 trillion ($134 billion) for.
infrastructure projects, including road infrastructure and railway corridors. The government also aims to provide free rooftop solar electricity for 10 million houses and rural housing construction to boost consumption in construction-related sectors. NBCC leads the construction sector, executing landmark projects and fostering India’s infrastructural growth.
Advanced transportation networks, including robust roadways, railways, ports, and airports, are essential for sustaining the country’s 8% growth trajectory. The $1.3-trillion national master plan for infrastructure, Gati Shakti, has been pivotal in implementing these initiatives. Public Sector Undertakings (PSUs) and Autonomous Bodies (ABs) play a pivotal role in translating infrastructure aspirations into reality through various initiatives.
Roads and Highways are at the forefront of India’s infrastructure revolution, with the Bharatmala Pariyojana focusing on 50,000 km of National Highways and the NBCC leads the construction sector, construction of the Delhi-Mumbai Expressway. The IS Dedicated Freight Corridor Corporation of India Limited (DFCCIL) is leading the and cost-effective logistics ecosystem in railways.
India’s energy transition agenda is driven by major public sector companies like National Thermal Power Corporation (NTPC), National Hydroelectric Power India’s infrastructural growth Corporation (NHPC), NLC India Ltd, and Coal India Limited (CIL). These companies are driving sustainable development and reducing reliance on traditional energy.
NTPC aims to reach 130 GW by 2032, with a significant portion from renewable sources. NHPC is diversifying into solar and wind power, NLC India Ltd is expanding its solar and wind projects, and CIL is investing in renewable energy. Hindustan executing landmark projects and fostering Prefab Limited (HPL) is a cornerstone in India’s urban infrastructure development.
NBCC leads the construction sector, executing landmark projects and fostering India’s infrastructural growth. Housing and Urban Development Corporation Ltd (HUDCO) is the premier techno-financing public sector enterprise in housing and infrastructure development constructing vital civil infrastructure.
Public Sector Undertakings (PSUs) have always played a pivotal role in India’s infrastructure development. These state-owned enterprises, whether in the energy, transport, or construction sectors, have been the backbone of the country’s infrastructural progress -financing public sector enterprise in housing and infrastructure development.
Key Contributions of PSUs
- Energy Sector: PSUs like NTPC, Indian Oil Corporation, and Bharat Petroleum are instrumental in meeting India’s growing energy demands. These companies are leading large-scale power generation projects, renewable energy initiatives, and fueling infrastructure development, ensuring that energy access remains widespread across urban and rural areas.
- Transport Infrastructure: PSUs such as Indian Railways, Airports Authority of India (AAI), and National Highways Authority of India (NHAI) are central to the development of the country’s transport infrastructure. Indian Railways, for instance, is working on expanding the national rail network, and NHAI is constantly upgrading and expanding highways under projects like Bharatmala and Sagarmala.
- Construction and Urban Development: PSUs like NBCC and Housing and Urban Development Corporation (HUDCO) have been pivotal in implementing urban infrastructure projects, including smart cities, affordable housing, and public facilities. Their involvement ensures that large-scale urbanization meets the needs of the population while maintaining.
The Road Ahead
With government support and strategic initiatives like “Make in India” and the Smart Cities Mission, PSUs are set to continue their critical role in India’s infrastructure growth. Their ability to undertake large-scale projects, secure investments, and implement innovative solutions will be essential in shaping the future of India’s infrastructure sector.
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