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High quality infrastructure is essential to harness the growth impulses in the economy. The sustained high growth in the Indian economy in recent years has place and increasing stress on physical infrastructure. The inadequacies of India's infrastructure network are a bottleneck to growth, a threat to competitiveness, and an obstacle to poverty reduction. The Government is committed to eliminating this infrastructure deficit. Towards this end, the Government of India is focusing on the expansion and modernization of its railways, airports and ports. In the road transportation sector, the National Highway Development Project the largest PPP programme in the world, is under implementation.
In the Urban sector also, the challenges are unprecedented in scale and significance. The magnitude of the challenge can be better appreciated from the sheer numbers - it is estimated that during the next decade, the urban population would account for around 40% of India's population. The urban sector contributes around 60% of Indian GDP which is likely to further increase to around 75% in the next decade. Over 70% of the new jobs shall be largely created in the cities. The link between economic performance of cities and National economy is increasingly getting stronger.
The Government is committed to facilitate creation of economically vibrant, inclusive, efficient and sustainable urban habitats.
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Mr. Kamal Nath, India's Minister of Urban Development
- Tuesday, 05 July 2011
- 4.00 p.m. - 5.30 p.m.
Auditorium, Level 3, Block B, Faculty of Law,
NUS Bukit Timah Campus
469G Bukit Timah Road