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Highlights

  • Capex target raised to Rs 12.2 lakh crore for FY27
  • Infrastructure development to focus on Tier-2 and Tier-3 cities
  • Risk guarantee fund and construction equipment enhancement proposed

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Capex target will be raised to Rs 12.2 lakh crore for FY27: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman raised the FY27 capital expenditure target to Rs 12.2 lakh crore and announced initiatives to strengthen infrastructure, domestic equipment manufacturing, and professional skill development.

Updated: Sep 02, 2022 10:53
|

PTI

Capex target will be raised to Rs 12.2 lakh crore for FY27: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Sunday said the target for capex will be raised to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal year and announced a slew of measures to boost infrastructure in the country.

Presenting the Union Budget for 2026-27 in the Lok Sabha, she said the government will continue to develop infrastructure in Tier-2 and Tier-3 cities. The government also proposes to set up risk guarantee fund for infrastructure sector, she added.

A scheme for enhancement for construction and infrastructure equipment will be introduced to strengthen domestic manufacturing, Sitharaman said.

The government also proposes to support professional institutions like ICAI, ICSI to design short-term modular courses, she added.

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