Finance Minister Nirmala Sitharaman said that the government has shortlisted projects.- Centre will spend 39% of the investment, 39% will come from state governments, and the rest will come from private sector.
- 43% of the projects are already in various stages are in various stages of implementation.
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This will be a big opportunity for construction companies like Larsen and Toubro, GMR Group, IRB Infrastructure, companies in the Adani Group, road construction companies Dilip Buildcon, Sadbhav Infra, cement majors like Ultratech, Shree Cement etc, to name a few. This will include projects of the India Railways and that will benefit stocks like Kalindee Rail, Texmaco, and Titagarh Wagons.
This is part of the promise made by the Prime Minister Narendra Modi at the peak of the election campaign. While the manifesto of the Modi-led political outfit, the Bharatiya Janata Party (BJP), lacked details, data showed that projects worth nearly half that amount, over $600 billion, are already in various stages of planning or implementation.
The money spent in each subsequent year, including the current one will be as follows:
| FY20 | ₹13.6 lakh crore |
| FY21 | ₹19.5 lakh crore |
| FY22 | ₹19 lakh crore |
| FY23 | ₹13.8 lakh crore |
| FY24 | ₹12.8 lakh crore |
Sitharaman confirmed the same saying that, even according to the latest government estimate, 43% of the projects are already under various stages of implementation. "Centre will spend 39% of the investment, 39% will come from state governments, and the rest will come from private sector," she added.