Excon 2023

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development.

• The government has given a massive push to the infrastructure sector by allocating Rs. 10 lakh crore (US$ 130.57 billion) for the infrastructure sector.

• Department of IT and Telecom sector has been allocated Rs. 84,586 crore (US$ 11.05 billion).

• Indian railways received Rs. 1,40,367.13 crore (US$ 18.34 billion), of which Rs. 1,37,100 crore (US$ 17.91 billion) is for capital expenditure.

• Rs. 1,99,107.71 crore (US$ 26.02 billion) has been allocated towards road transport and highway.

• In Budget 2022-23, the government announced the following interventions under Pradhan Mantri Gati Shakti National Plan:

• In 2022-2023, a plan for expressways will be developed to help people and goods move more quickly.

• The national highways will be expanded by 25,000 kilometres with a funding outlay of Rs. 20,000 crores (US$ 2.61 billion).

• A new Unified Logistics Interface Platform will be introduced to ease data interchange between operators across various modes of transportation, with the goal of applying a just-in-time approach to logistics management and providing operators with real-time data. In the next three years, 100 PM Gati Shakti freight terminals for multimodal logistics facilities will be built.

• For safety and capacity enhancement, a 2,000-kilometer railway network would be placed under 'Kavach.' Over the following three years, 400 new Vande Bharat trains with improved energy efficiency and passenger comfort would be developed and produced.

• For the construction of metro systems of suitable form and scale, 'Innovative' funding solutions would be promoted. Metro systems and physical infrastructure should be standardised to meet Indian demands.

• Parvatmala, a preferred environmentally friendly alternative to conventional road networks in mountainous locations – also known as the National Ropeways Development Programme – will be implemented through a public-private partnership (PPP).

• The government announced Rs. 18,998 crore (US$ 2.61 billion) for metro projects.

Confederation of Indian Industry (CII), India's Premier Industry Association is organising Excon 2023 which is scheduled to be held between 12th - 16th December 2023 at BIEC, Bengaluru, Karnataka, India.

Download the EXCON 2023 app today to learn more information about the event!