India’s government has approved a major investment package worth about 1.6 trillion rupees (approximately $18 billion), signaling a fresh push to strengthen infrastructure, accelerate urban development, and support the country’s fast-growing startup ecosystem.
The decision was announced on Saturday by Ashwini Vaishnaw, following a meeting of the Union Cabinet of India.
According to the Information Minister, the approved projects cut across three key areas:
• Infrastructure: investments aimed at improving transport, logistics, and connectivity to support economic growth and job creation.
• Urban development: projects focused on modernising cities, easing congestion, and improving basic services as India’s urban population continues to expand.
• Startups: targeted funding and policy support designed to strengthen innovation, entrepreneurship, and technology-driven businesses.
The approvals come as India seeks to sustain economic momentum, attract private investment, and address pressure on urban centres. Government officials say the package is expected to stimulate employment, improve productivity, and create a more supportive environment for young entrepreneurs.
While specific project timelines and locations were not immediately disclosed, further details are expected as individual ministries begin implementation.
The move underscores the government’s focus on long-term growth through public investment, even as global economic conditions remain uncertain.
Source: Africa Publicity
