The Union Cabinet has cleared the development of eight high-speed road corridor projects totaling more than Rs 50,000 crore in India’s infrastructure sector. India’s Prime Minister Narendra Modi described this decision as a ‘disruptive advantage’ that will take India to the future, something along the lines of ‘futuristic and connected.’
The projects are expected to boost logistics and transport standards and connectivity throughout the country, covering a distance of 936 km. As stated in the official release, the promotion of these measures should stimulate 4. It would amount to direct and indirect employment man-days of 42 crore.
Stressing the government’s focus on developing India’s economy, PM Modi said that with the Cabinet’s nod to these National High-Speed Road Corridor Projects, the word ‘MULTIPLIER EFFECT’ will positively affect the country’s economy and employment generation.
The IDA-approved projects are the 6-d lanes Agra-Gwalior National High-Speed Corridor, the 4-d lanes Kharagpur-Moregram National High-Speed Corridor, the 6-d lanes Tharad-Deesa-Mehsana-Ahmedabad National High-Speed Corridor, and others.
Currently, the government has shifted to a corridor-based strategy and development of highway infrastructures to maintain the standard, user convenience, and efficiency of logistics, as opposed to before, when the federal agencies adopted a project-based approach mainly aimed at addressing congestion.
This strategic move supports the government’s vision of preparing India for a USD 30+ trillion economy by 2047. The above-mentioned network of 50,000 km high-speed highway corridor plans has been prepared by the NST study of GSTN and tolls.
According to specialists, the fast realization of these HSRCs will help to strengthen the Indian economy and make this country one of the world’s leading economic giants of the future.
