PM’s Indep address had much ‘reporting back’ on infra targets vs achievements. Roads, power, rlys, renewables etc. Granular monitoring.
Admirable dimension of PM’s Independence Day speech—full emphasis on monitoring outcomes of schemes already announced. No fresh schemes.
Prime Minister’s interim performance report
Implementation and delivery were the key themes of the Prime Minister’s Independence Day speech. In a remarkable departure from speeches by previous heads of the nation, PM Modi spoke of his government’s focused spending policies and did not announce any new programmes. His speech was replete with data about targets achieved by the government in different sectors.
Understand that Govt is mulling setting up a National Energy Storage Mission. Clearly this is now going to be cutting edge for Renewables.
Betting on energy storage
The government plans to set up an Energy Storage Research Institute. A recent study of the Indian Energy Storage Alliance estimated that the Indian market for storage in 2015 was 4.4 GW, with home inverters accounting for 60% of it. The study said between now and 2022, India will set up 70 GW/200 GWhr of storage.
As Mumbai airport runs out of landing slots—So (1) Navi Mumbai airport essentials to be ready by 2019 (2) Juhu to handle light traffic.
Decongesting Mumbai airport
Civil aviation ministry plans to make Navi Mumbai airport operational by 2019. It has also recommended that the Airports Authority of India hire consultants and figure out ways to revive the Juhu airport in a bid to decongest the existing one.
Kudos to Min of Renewable Energy for stream of innovative ideas; now encouragement to solar-powered cold storages. Ties in rural economy.
Subsidy for solar-powered refrigeration
The ministry of renewable energy has extended its subsidy scheme to solar refrigeration units. Solar-powered cold storages can make a big difference in electricity-starved rural areas; boost prospects for vegetable & fruit producers.
Another off-budget funding source: “Rlys of India Devpt Fund” in the works with World Bank as a potential anchor investor. Clear need.
Modernisation of Railways
Plans are afoot for a Railways Development Fund in collaboration with the World Bank with the objective of modernising the rail infrastructure in the country. According to media reports, the initial corpus of the fund would be around $5 billion and it is likely to be operational by the first half of 2017.
Jal Marg Vikas happening. NW 1 Allahabad-Haldia notified in 1986. Aug 2016 sees cargo of Maruti cars & building material sail downstream.
Water transport: All aboard!
Construction of multimodal terminals at Haldia in West Bengal and Sahibjang in Jharkhand under the Jal Marg Vikas project is expected to start by October this year. The National Waterway-1 (NW-1) is being developed on river Ganga between Allahabad and Haldia to cover a distance of 1,620 km.
CM of MP has a point—with GST, state’s advantageous central location has the potential to make it a preferred logistics hub. Grab it!
Twitter exchanges reveal—3 contenders now to grab the title (potentially, after GST) of No 1 logistics hub of India—Indore, Nagpur, Hyd.
Cities vying for ‘logistics hub’ title
Post-GST regime has spurred competition for the status of preferred logistics hub. While the CM of MP highlighted the significance of his state’s location to investors, an IIM-Nagpur study pointed out that Nagpur could be a big gainer.
Sound of Silence: Gadkari adds the weight of his office to unleash measures to stop practice of needless honking on roads. Most welcome!
The road transport ministry is all set to bring in amendments to the Motor Vehicles Act to deal with the menace of sound pollution and needless honking. The minister has appealed to people not to install multi-toned & pressure horns.
Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie