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Crushing the Future: India's Infrastructure Boom in 2024

2024-08-013 min read412 views
Crushing the Future: India's Infrastructure Boom in 2024

The Indian government remains committed to bolstering the crushing and screening industry in 2024, driven by a robust focus on infrastructure development as a key strategy for economic revival. This commitment is underscored by the Union Budget 2024-25, where Finance Minister Nirmala Sitharaman announced a significant allocation of ₹11.11 lakh crore ($132.85 billion) for infrastructure spending—constituting 3.4% of India's GDP.

₹ 11.11 Lakh Cr

Infrastructure CapEx Allocation

3.4% GDP

Capital Outlay Share

₹ 1.5 Lakh Cr

50-Year State Loans

National Infrastructure Pipeline (NIP)

The National Infrastructure Pipeline (NIP) continues to be the cornerstone of India's growth roadmap, encompassing over 7,000 identified projects with a combined investment pipeline of ₹111 lakh crore across roads, railways, energy, and urban transit networks.

Mining Sector Reforms & Raw Material Supply

Composite Exploration-cum-Production Regime

The removal of legal distinctions between captive and non-captive mining leases facilitates seamless lease transfers and unlocks excess production capacity, guaranteeing a steady supply of granite, basalt, and limestone for stone crushing plants nationwide.

PMGSY Phase IV: Rural Road Connectivity

The Union Budget launched Phase IV of the Pradhan Mantri Gram Sadak Yojana (PMGSY) to provide all-weather road connectivity to 25,000 rural habitations, requiring millions of tonnes of graded stone aggregates and crusher run base materials.

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FAQ

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Generally it is 7-10 days if the goods are in stock. Or it is 15-30 days if the goods are not in stock, it is according to quantity.

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