Latest news with #NationalSemiconductorMission
India Gazette
2 days ago
- Business
- India Gazette
PM Modi reviews Rs 62,000 crore infra projects, urges timely completion in PRAGATI meeting
New Delhi [India], May 29 (ANI): Prime Minister Narendra Modi chaired the PRAGATI meeting, the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, to review critical infrastructure projects and governance initiatives, according to an official release. During the meeting, which took place on Wednesday, PM Modi assessed three major infrastructure projects worth over Rs 62,000 crore in the sectors of Road Transport, Power, and Water Resources, spanning multiple States and Union Territories. The Prime Minister also took to X today and said, 'Chaired a PRAGATI meeting yesterday, where projects worth over Rs. 62,000 crore were reviewed, covering diverse sectors like roads, power, water resources, semiconductors and more. Emphasised on ensuring all infra projects are completed on time. Also deliberated on RERA-related grievances. It's our Government's priority to ensure justice for homebuyers.' Highlighting their strategic importance, he urged stakeholders to address implementation challenges and ensure timely completion, warning that delays lead to cost overruns and deprive citizens of essential services. The Prime Minister stressed the need for efficiency and accountability to maximise socio-economic benefits, emphasising that timely delivery remains a priority. Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes. In a review of public grievances related to the Real Estate Regulatory Authority (RERA), PM Modi called for improved quality and timeliness in grievance redressal to ensure justice and fairness for homebuyers and directed State Governments to enforce mandatory registration of all eligible real estate projects under the RERA Act, underscoring that strict compliance is essential to rebuild trust in the housing sector, the release stated. The Prime Minister also examined best practices in India's Semiconductor Ecosystem, noting their potential as a model for broader adoption across States and Union Territories to bolster the National Semiconductor Mission. As of the latest PRAGATI meetings, a total of 373 projects worth approximately Rs 20.64 lakh crore have been reviewed, reflecting the platform's pivotal role in driving governance and infrastructure development. (ANI)
Time of India
2 days ago
- Business
- Time of India
PM Modi reviews Rs 62,000 crore infra projects, urges timely completion in PRAGATI meeting
Prime Minister Narendra Modi chaired the PRAGATI meeting , the ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, to review critical infrastructure projects and governance initiatives, according to an official release. During the meeting, which took place on Wednesday, PM Modi assessed three major infrastructure projects worth over Rs 62,000 crore in the sectors of Road Transport , Power, and Water Resources, spanning multiple States and Union Territories. The Prime Minister also took to X today and said, "Chaired a PRAGATI meeting yesterday, where projects worth over Rs. 62,000 crore were reviewed, covering diverse sectors like roads, power, water resources, semiconductors and more. Emphasised on ensuring all infra projects are completed on time. Also deliberated on RERA-related grievances. It's our Government's priority to ensure justice for homebuyers." by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Unsold Camper Vans 2025 in Ireland! See Prices Now! RV, Camper & Motorhomes | Search Ads Search Now Highlighting their strategic importance, he urged stakeholders to address implementation challenges and ensure timely completion, warning that delays lead to cost overruns and deprive citizens of essential services. The Prime Minister stressed the need for efficiency and accountability to maximise socio-economic benefits, emphasising that timely delivery remains a priority. Live Events Highlighting the adverse impact of project delays, Prime Minister reiterated that such setbacks not only inflate costs but also deprive citizens of essential services and infrastructure. He urged all stakeholders to prioritise efficiency and accountability, stressing that timely delivery is critical to maximising socio-economic outcomes. In a review of public grievances related to the Real Estate Regulatory Authority (RERA), PM Modi called for improved quality and timeliness in grievance redressal to ensure justice and fairness for homebuyers and directed State Governments to enforce mandatory registration of all eligible real estate projects under the RERA Act, underscoring that strict compliance is essential to rebuild trust in the housing sector, the release stated. The Prime Minister also examined best practices in India's Semiconductor Ecosystem, noting their potential as a model for broader adoption across States and Union Territories to bolster the National Semiconductor Mission . As of the latest PRAGATI meetings, a total of 373 projects worth approximately Rs 20.64 lakh crore have been reviewed, reflecting the platform's pivotal role in driving governance and infrastructure development. (ANI)
Time of India
2 days ago
- Business
- Time of India
Eyeing trillion $ goal, T sets sights on defence, aerospace, biotech
Hyderabad: The Telangana govt will focus on three high-potential sectors - defence, aerospace, and biotechnology - to achieve its goal of becoming a trillion dollar economy by 2047. Chief minister A Revanth Reddy has said at a number of fora that the state would achieve this goal well ahead of the national timelines. Sources in the expert group working with the state govt on numerous projects told TOI that Telangana has so far followed the Karnataka model, which emphasised services as a major driver of growth. Now, the state may follow a model similar to that of Tamil Nadu, where manufacturing is expected to play a crucial role in boosting the economy. This strategic shift comes at a pivotal moment. India has recently become the fourth largest economy in the world, surpassing Japan. "One specific reason for this potential shift is availability of skilled manpower across Telangana, not just in Hyderabad. This creates an ideal situation for sectors like defence, biotechnology, and aerospace," said a senior official. For an added impetus, the state has been requesting the Centre to make Telangana part of the National Semiconductor Mission. "The government is working closely with some experts to strengthen the economy," an official added. Several prominent economists, including Nobel laureate Abhijit Banerjee and Montek Singh Ahluwalia, have visited the secretariat in recent months in a bid to steer the state towards its goal. However, experts caution that apart from identifying key sectors to boost the economy, there is a need for a strategic shift in the way the govt operates. "Freebies or welfare schemes that simply dole out cash need to be rationalised, and everyone must be encouraged to work. Job creation in the private sector is essential for achieving balance," said Krishna Reddy Chittedi, associate professor at the School of Economics, University of Hyderabad. Telangana's Gross State Domestic Product (GSDP) for 2024-25 (advanced estimates) at current prices is pegged at Rs 16,12,579 crore, reflecting a growth rate of 10.1%. This surpasses the national GDP growth rate. "At this rate, it would take Telangana more than a decade to reach the trillion dollar mark," Krishna Reddy added. INDUSTRY TAKES LEAD Industries contributed Rs.2,77,270 cr to the state gross state value added (GSVA) in 2024-25, manufacturing (47.60%) & construction (29.07%) being largest contributors State aims for 15% annual growth in MSME registrations Share of jobs in the industrial sector stood at 23%, according to Periodic Labour Force Survey for 2023-24
News18
3 days ago
- Business
- News18
PM Modi Flags Project Delays, Urges Strict RERA Compliance To Protect Homebuyers
Last Updated: PM Modi urged state governments to make sure all eligible real estate projects are registered under the RERA Act Prime Minister Narendra Modi on Wednesday underlined the importance of strict compliance with the Real Estate Regulatory Authority (RERA) provisions, saying it is essential for restoring trust in the housing market. He made these remarks while reviewing three major infrastructure projects worth over Rs 62,000 crore during a PRAGATI meeting, the government's ICT-based multi-modal platform for Pro-Active Governance and Timely Implementation. According to a press release by the Press Information Bureau (PIB), the Prime Minister reviewed projects spanning the sectors of road transport, power, and water resources across various states and union territories. Emphasising their strategic importance, PM Modi called for coordinated efforts to overcome delays and ensure timely completion. PM Modi highlighted that project delays not only lead to cost overruns but also deprive citizens of essential infrastructure and services. He urged all stakeholders to focus on efficiency and accountability, stating that timely delivery is crucial for achieving broader socio-economic development. The Prime Minister also reviewed public grievances linked to RERA and stressed the need to improve both the quality and speed of grievance resolution to ensure fairness for homebuyers. He urged state governments to make sure all eligible real estate projects are registered under the RERA Act, reaffirming that strict compliance with the law is vital for strengthening public confidence in the housing sector. Additionally, PM Modi reviewed best practices in the development of India's semiconductor ecosystem. He said such efforts could serve as a model for other regions and help boost the National Semiconductor Mission through wider adoption. So far, a total of 373 projects worth around Rs 20.64 lakh crore have been reviewed in PRAGATI meetings to date. (With inputs from PTI)
New Indian Express
5 days ago
- Business
- New Indian Express
AI ambitions: Software strength meets hardware hurdle
NEW DELHI: India is making an assertive push toward AI self-reliance through a set of national policies aimed at reducing dependence on foreign technologies. Flagship programmes like the National Strategy for AI (#AIForAll) and the IndiaAI Mission focus on inclusive innovation, expanding compute capacity, and building sovereign data ecosystems. Complementary efforts such as Bhashini, the DPDPA 2023, and the National Semiconductor Mission target responsible AI, data protection, and domestic chip manufacturing.
