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Infra investment goes up by Rs.70,000 Crore

India Blooms News Service | | 28 Feb 2015, 04:06 pm
New Delhi, Feb 28(IBNS) Union Finance Minister Arun Jaitley has proposed an increase in investment in infrastructure by Rs. 70,000 crore in 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs.

Presenting the General Budget for 2015-16 in the Lok Sabha on Saturday,  the Finance Minister said the present state of infrastructure does not match the growth ambitions.

Keeping this need in mind, he increased outlay on both the roads and the gross budgetary support to the Railways by Rs. 14,031 crore and Rs. 10,050 crores respectively.

The CAPEX of the public sector units is expected to be Rs.3,17,889 crores, an increase of approx. Rs. 80,844 crores over RE 2014-15.