ID :
201352
Mon, 08/15/2011 - 13:20
Auther :
Shortlink :
https://www.oananews.org//node/201352
The shortlink copeid
Govt to step up investment on infrastructure in 12th Plan: PM
New Delhi, Aug 15 (PTI) The Indian government will
increase investments on physical infrastructure in the 12th
Five-Year Plan, starting next year, with special emphasis on
connecting remote and rural parts of the country through rail
and road, Prime Minister Manmohan Singh said on Monday.
Addressing the nation on Independence Day, Singh
highlighted that investments on creation of infrastructure
have gone up by one-and-a-half times as a percentage of the
GDP during the last seven years of the UPA government's rule.
"In the 12th Plan (2012-17), we will further accelerate
investment in infrastructure. We will pay special attention to
the remote areas of our country and to rural areas. Connecting
such areas by rail and road will get the top-most priority,"
Singh said.
The Planning Commission envisions doubling the investment
in infrastructure sectors to USD 1 trillion (about Rs
45,00,000 crore) during the 12th Five-Year Plan.
Stating that the government has pursued policies to
encourage investment in infrastructure in the last seven
years, he said there have been improvements in capacities in
the petroleum, power generation, airports, roads and port
sectors.
"We are continuously strengthening the physical
infrastructure in our country. This is an area which requires
very large investments... As a percentage of GDP, investment
in this area has grown more than one-and-a-half times in the
last seven years," he said.
Singh cited the example of capacity addition in power
generation during the current 11th Plan (2007-12), which will
be twice that of the 10th Plan.
In its mid-term appraisal last year, the Planning
Commission had scaled down the power generation capacity
addition target to 62,374 MW from 78,578 MW in the 11th Plan.
However, experts feel that power generation capacity
addition during the current Plan would be just 50,000 MW.
Nevertheless, this is two times higher than the capacity
addition of 21,000 MW achieved in the 10th Plan.
In the forthcoming 12th Plan, the Commission is eyeing
1,00,000 MW of additional power generation capacity.
At present, the total installed capacity in the country
is nearly 1,77,000 MW.
increase investments on physical infrastructure in the 12th
Five-Year Plan, starting next year, with special emphasis on
connecting remote and rural parts of the country through rail
and road, Prime Minister Manmohan Singh said on Monday.
Addressing the nation on Independence Day, Singh
highlighted that investments on creation of infrastructure
have gone up by one-and-a-half times as a percentage of the
GDP during the last seven years of the UPA government's rule.
"In the 12th Plan (2012-17), we will further accelerate
investment in infrastructure. We will pay special attention to
the remote areas of our country and to rural areas. Connecting
such areas by rail and road will get the top-most priority,"
Singh said.
The Planning Commission envisions doubling the investment
in infrastructure sectors to USD 1 trillion (about Rs
45,00,000 crore) during the 12th Five-Year Plan.
Stating that the government has pursued policies to
encourage investment in infrastructure in the last seven
years, he said there have been improvements in capacities in
the petroleum, power generation, airports, roads and port
sectors.
"We are continuously strengthening the physical
infrastructure in our country. This is an area which requires
very large investments... As a percentage of GDP, investment
in this area has grown more than one-and-a-half times in the
last seven years," he said.
Singh cited the example of capacity addition in power
generation during the current 11th Plan (2007-12), which will
be twice that of the 10th Plan.
In its mid-term appraisal last year, the Planning
Commission had scaled down the power generation capacity
addition target to 62,374 MW from 78,578 MW in the 11th Plan.
However, experts feel that power generation capacity
addition during the current Plan would be just 50,000 MW.
Nevertheless, this is two times higher than the capacity
addition of 21,000 MW achieved in the 10th Plan.
In the forthcoming 12th Plan, the Commission is eyeing
1,00,000 MW of additional power generation capacity.
At present, the total installed capacity in the country
is nearly 1,77,000 MW.
