No more delays! Indian infrastructure projects commence after Modi’s diktat

Off lately, Prime Minister Narendra Modi has been making continuous efforts to push the infrastructure projects that have been delaying for long. Looks like the efforts are finally paying off.

As of January, about a quarter of 1,201 projects valued at 16.9 trillion rupees ($262 billion) were delayed, a substantial decrease from 43% delays recorded two years back, says a government report seen by Bloomberg.

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Not only this, cost overruns have also come to 11%, down from 20% as recorded in March 2015.

However, there are a lot of pending projects from sectors like coal, power, petroleum, railways and road. These delays could have been caused by a delay in attracting finance, land acquisition and environmental clearances, along with lack of infrastructure support and linkages.

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