Bricks, Clicks and Miles
Three of India's key minister lay out the government's vision for core transport infrastructure, and the digital transformation and Innovation the country is unleashing on the global stage. Delivering data - backed presentations, cabinet ministers NITIN GADKARI and ASHWINI VASIHNAW. And minister of state Rajeev chandrasekhar laid out detailed and we'll- funded plans to transform India's digital and transport infrastructure. Key take ways from their speeches at the Economic Times Global Business summit.
NITIN GADKARI
.jpeg "Minister for Road Transport and Highways")
Minister for Road Transport and Highways
Gadkari says his goal is to reduce logistics costs for India and establish multimodal transport hubs that will help cost-competitive transport of goods.
Highways
- 200,000 km of national Highways by 2025.
- Focus on using municipal waste for road building.
- 35 multimodal logistic parks worth ₹ 2 lakh cr are being implemented.
- Landowners being compensated appropriately for acquisition during road projects.
- 10,000 km of green highways being built, land acquisition not an issue.
Sagarmala and Bharatmala
Half of ₹16 lakh crore sagarmala scheme to develop coastline complete.
₹11 lakh crore, 34,800 km Bharatmala project 90% of work will be completed in a year.
Second leg of Bharatmala sent for cabinet approval.
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Financing
Massive ₹2.7 lakh crore budgetary push.
Appetite in capital market for NHAI bonds.
Immense potential to monetise road projects.
"We are making 10,000 km of greenfield highways, we are spending ₹7 crore on that. The length under construction is 7,000 km".
"Multimodal logistic parks will be very important to reduce the overall logistics costs. Work is already going on in Chennai, Bengaluru, Pune, Nagpur, Ennore and Visakhapatnam".
ASHWINI VAISHNAW
Minister for Railways, communications, Electronics and information Technology
.jpeg "Ashwini Vaishnwa")
In a comprehensive presentation, Bricks and clicks, vaishnaw elaborate on the transformation of the railways and how how 5G will reshape digital India.
Telecom
India set to become a major player in telecom technology exports with the development of 4G and 5G stack.
Around 9- 10 countries have shown interest in the india- made technology stack.
The stack has been tested to handle 10 million calls simultaneously and will soon be developed in the country.
India has seen the world's fastest 5G deployment with coverage provided in over 200 cities since its lunch in October 2022.
Semiconductors
India's semiconductors ambitions may become a reality soon with an announcement likely in the coming weeks.
Railways
India is laying 4,500 km of network every year.
Laying 12km of new railway track per day.
In next three years, railways will have 35% freight market share, up from 28% this year.
1,275 stations undergoing makeover.
Focus on creating new urban spaces in railway stations
Passenger comfort in new trains is a priority
Bullet train project is progressing at healthy pace.
Macro situation
RAJEEV CHANDRASEKHAR
.jpeg "RAJEEV CHANDRASEKHAR")
India will be among the group of nation that will shape the future of technology, shape the future of products, device and platform, Chandrashekar said
Tech view
India to be more nation that shape the future of tech and services.
Government finalising regulation for inter plus economy framework.
Regulation for accountability of AI, scrutiny on how companies use the tech.
Government to Soon launch India open computer in focus on quantum computing.
Digital India and India opens stack model to be scaled for products in healthcare, other sectors.
A drop of personal (draft of Data protection) bill ready, progress to being into parliament on.
"There are many segments of the digital economy that are uncomfortable dominate by 2 or 3 companies. we certainly don't want the digital economy to be throttled".
Thank you for reading.