“Prime Minister Modi had made a promise in his Independence Day speech to give a big thrust to the infrastructure sector. We set up a task force soon after which we conducted 70 stakeholder consultations with state governments, industry representatives, infrastructure firms, and banks over a period of four months before finalising the projects,” Sitharaman added. The projects will be funded by the Centre (39 per cent), states (39 per cent) and the private sector (22 per cent). Projects worth Rs 18.44 lakh crore will be taken up in the first year. Spending in the second year will rise to Rs 21.62 lakh crore.

Source: The Telegraph December 31, 2019 18:56 UTC