The Union Cupboard has authorized the development of a brand new railway line connecting the Andhra Pradesh’s new capital, Amravati. The mission includes a considerable funding of Rs 2,245 crore. It goals to boost regional connectivity and promote financial growth within the space.
The newly authorized railway line will span 57 kilometres and is designed to strengthen transportation hyperlinks for each residents and companies. A key function of this mission contains the development of a 3.2 km-long railway bridge over the Krishna River, which can additional improve connectivity.
This new line will present direct rail hyperlinks between Amravati and main cities reminiscent of Hyderabad, Chennai, Kolkata, and Nagpur. Moreover, it would enhance transportation routes between Amravati and several other necessary ports, together with Masilipatnam, Krishnapatnam, and Kakinada. These enhancements are anticipated to spice up commerce and facilitate smoother logistics within the area.
Approval for Narkatiganj-Muzaffarpur Railway Line
The Cupboard has additionally greenlit the Narkatiganj-Rexol-Sitamarhi-Darbhanga-Muzaffarpur railway line. Spanning 256 kilometers, this line represents a big funding of Rs 4,553 crore. The brand new railway hyperlink is anticipated to play a key position in bettering connectivity in Bihar, supporting regional financial development.
Particular Trains for Diwali and Chhath Festivals
Along with these infrastructure tasks, Railway Minister Ashwini Vaishnaw introduced that Indian Railways will run 7,000 particular trains to accommodate the elevated demand in the course of the Diwali and Chhath festivals. These trains are anticipated to assist over 2 lakh passengers journey every day in the course of the festive season, easing the burden on common providers and making certain smoother journeys for vacationers.
VC Fund For House
The Cupboard has given the inexperienced gentle to ascertain a Rs 1,000 crore enterprise capital (VC) fund geared toward supporting startups within the area sector. This fund will present investments starting from Rs 10 crore to Rs 60 crore for 30-35 startups. In accordance with Ashwini Vaishnaw, Minister of Info and Broadcasting, over 250 startups are at the moment working in India’s area business. He additionally talked about that the area economic system is projected to succeed in Rs Three lakh crore by 2033.
