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

Off lately, Prime Minister $4 has been making continuous efforts to $4 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 $4.

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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, $4 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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