* India is expected to become the world’s third largest construction market by 2022.
* India will require investment worth Rs. 50 trillion (US$ 777.73 billion) across infrastructure by 2022 for a sustainable development in the country.
* In November 2021, India, the US, Israel and the UAE established a new quadrilateral economic forum to focus on infrastructure development projects in the region and strengthen bilateral co-operation.
* The initiative ‘Infrastructure for Resilient Island States’ (launched in November 2021) will give India a huge opportunity to contribute to the betterment of other vulnerable countries in the world.
* In Union Budget 2021, to support initiatives such as ‘Housing for All’ and ‘Smart Cities Mission’, the government allocated Rs. 13,750 crore (US$ 1.89 billion) to AMRUT and Smart Cities Mission.
* In March 2021, the Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India.
* Huge investments in infrastructure (e.g., Reliance Digital Fibre Infrastructure Trust Investment of US$ 1 billion) have provided momentum to overall PE/VC investments in India.
* Prime Minister Mr. Narendra Modi announced a Rs. 100 lakh crore master plan for multi-modal connectivity in October 2021, with the goal of developing infrastructure to lower logistic costs and improve the economy.
India has the third largest road network in the world spanning over 3.3 million km.
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