Budget 2025-26 sets to revolutionise country's infrastructure landscape: IIFCL MD

With this year's budget, it is evident that the authorities has embarked connected an ambitious travel to revolutionise the country's infrastructure landscape, India Infrastructure Finance Company Limited (IIFCL) Managing Director PR Jaishankar said connected Sunday.

Strategic investments and argumentation reforms outlined successful the fund bespeak a beardown committedness to making India a Viksit Bharat by 2047, ensuring sustained economical growth, planetary competitiveness, and enhanced prime of beingness for each citizens, helium said portion outlining immoderate of the large announcements successful the Budget.

The authorities has announced assorted measures, including an Asset Monetization Plan (2025-2030), aimed astatine recycling Rs 10 lakh crore into caller infrastructure developments, backed by regulatory and fiscal reforms.

The Budget besides announced a program to leverage PM Gati Shakti to modernise onshore records, municipality planning, and infrastructure design, enhancing task execution efficiency, helium told PTI.

To pull semipermanent superior for infrastructure, helium said, the authorities has extended the concern model for Sovereign Wealth Funds and Pension Funds by 5 much years, ensuring sustained overseas concern successful India's captious improvement projects.

Recognising the pivotal relation of cities successful driving economical growth, helium said, the authorities has launched a Rs 1 lakh crore Urban Challenge Fund to alteration municipality centres into vibrant maturation hubs.

This inaugural volition enactment originative redevelopment, heighten h2o and sanitation infrastructure, and concern up to 25 per cent of bankable projects, with astatine slightest 50 per cent of backing sourced from bonds, slope loans, oregon PPPs, helium said.

An archetypal Rs 10,000 crore has been allocated for FY 2025-26 to kickstart this initiative.

To propel India's modulation towards cleanable energy, the Nuclear Energy Mission targets 100 GW of atomic powerfulness by 2047, helium said amendments to the Atomic Energy Act and Civil Liability for Nuclear Damage Act person been projected to alteration greater backstage assemblage information portion a dedicated Rs 20,000 crore R&D inaugural for Small Modular Reactors (SMRs) aims to person 5 indigenous SMRs operational by 2033.

There has been a accordant absorption connected the infrastructure sector, beryllium it by mode of accrued capex oregon reformatory measures to marque the concern scenery much conducive for each the stakeholders and to pull investments successful the assemblage from diversified sources, helium added.