Investment In Infrastructure To Go Up By ₹ 70,000 Crore In Year 2015-16 Over Year 2014-15

The Union Finance Minister Shri Arun Jaitley has proposed an increase in investment in infrastructure by ₹ 70,000 crore in the year 2015-16 over the year 2014-15 from the Centre’s funds and resources of CPSEs. Presenting the General Budget 2015-16 in the Lok Sabha here today, the Finance Minister stated that the present state of infrastructure does not match the growth ambitions. Hence he has increased outlay on both the roads and the gross budgetary support to the Railways by ₹ 14,031 crore and ₹ 10,050 crores. The CAPEX of the public sector units is expected to be ₹ 3,17,889 crores, an increase of approx. ₹ 80,844 crores over RE 2014-15.