Economic Booster: Projects That Can Revamp India's Growth


2. Airport Modernization: The Airports Authority of India's ongoing airport modernization programs was decided to be started by 2013 but then it got delayed due to elections and now it will be re-started only after a new government takes the charge. Excluding Lucknow airport, the total investment in these 5 projects is almost 37.5 billion.  The new Navi Mumbai airport development project is expected to gather steam with a global tender in 2014. Airports Authority of India has plans to build about 50 low-cost airports, which will boost the construction companies. The new government will gain profits in aviation sector as two new airlines from Tata group - AirAsia and Tata-SIA - are expected in 2014.

3. Dedicated Freight Corridor Projects: Dedicated Freight Corridor Project is a project which is backed up by the major financial institutions like World Bank and Japan International Corporation Agency. Under the DFC Project, freight rail lines will be constructed along the Western Corridor between Delhi and Mumbai and the Eastern Corridor between Ludhiana, Delhi and Sonnagar.  This project is considered as an important part of “Delhi-Mumbai Industrial Corridor (DMIC) initiative”, which is a Japanese-Indian collaborative project for comprehensive infrastructure development to create India’s largest industrial belt zone by linking the industrial parks and harbors of the six states between Delhi and Mumbai in order to promote foreign export and direct investment. DFC mainly focuses on decongesting freight routes and it also involves setting up high-speed railway corridors with Rs 95,000-crore investments. This project is expected to be completed by 2018.

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