Budget 2021 Infra Push: Economic Corridors, Textile Parks, Development Financial Institution With Rs 27,000 Crore Capital

In her Budget 2021-11 speech today, Finance Minister Nirmala Sitharaman said that the government aims to complete 11,000 km of national highway infrastructure this year.

The proposed works include:

• 3,500 km corridor in Tamil Nadu
• 1,100 km in Kerala at investment of Rs 65,000 cr
• 675 km in West Bengal at a cost of Rs 95,000 cr
• 1,300 km in Assam in the next 3 years

The FM also announced Rs 95,000 crore to be spend on roads in West Bengal, a state which soon goes to polls.

“I propose a sharp increase in capital expenditure at 5.54 lakh crore, from Rs 4.39 lakh crore in 2021. More economic corridors being planned to boost road infrastructure,” the Finance Minister said.

Sitharaman announced that seven 'Textile Parks' will be developed in the next 3 years.

She also announced that the government will soon table a bill on a professionally managed Development Finance Institution with Rs 27,000 crore capital to fill the gap in long-term finance for infrastructure sectors.

The FM further announced a gas pipeline project to be taken up in Jammu and Kashmir.

Finance Minister Nirmala Sitharaman announces a new gas pipeline project for Jammu and Kashmir. She also added that 100 more cities to be added in the next 3 years to the gas distribution network.

She announced Rs 3.05 lakh crore outlay for the power sector.