New Delhi: Prime Minister Narendra Modi has set a target of making India a developed nation by 2047. The government is leaving no stone unturned to achieve this target. To promote connectivity in the country, economic development and employment generation, the PM Modi-led government has approved infrastructure projects worth three lakh crores in the first 100 days of its third term.

The government has planned to invest Rs 15 lakh crore in infrastructure. Last month, PM Modi laid the foundation stone of the Rs 76,000 crore Vadhavan port project and several other development projects in Palghar district of Maharashtra.

Rs 11.11 lakh crore budget for infrastructure sector

In the Union Budget, a budget of Rs 11.11 lakh crore was allocated for the infrastructure sector including highways, ports, railways and power plants. This will accelerate the pace of development and also create employment opportunities.

Government made a plan for capital expenditure

The government has planned capital expenditure for port capacity and infrastructure over the next decade under Maritime India Vision 2030. The budgetary allocation for the Ministry of Road Transport and Highways has increased more than eight times in the last decade to Rs 2.7 lakh crore in FY 2025. Investment in airport infrastructure will also be around Rs 55 thousand crore to Rs 60 thousand crore in the next three-four years.