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Time of India
10-08-2025
- Business
- Time of India
D K Shivakumar urges PM Modi to provide Rs 1.5 lakh crore in financial aid for infra projects in Bengaluru
Karnataka Deputy Chief Minister D K Shivakumar on Sunday urged Prime Minister Narendra Modi to extend financial assistance to the tune of Rs 1.5 lakh crore for key infrastructure projects to address the pressing issues of rapid urbanisation, specifically in the areas of mobility, water supply, waste management, drainage, and housing. Shivakumar handed over a letter outlining the need for the funds to PM Modi during an event organised to lay the foundation stone of Phase-3 of Bengaluru Metro. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "As Karnataka is the second-highest tax-paying state in the country, contributing about Rs 4.5 lakh crore annually to the national exchequer, I request the Government of India to extend funding support to Bengaluru on par with Delhi, enabling the city to emerge as a truly global metropolis," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Learn More - How Donating Sperm May Boost Your Income SpellRock Undo According to Shivakumar, the construction of urban tunnels, the Bengaluru Business Corridor, integrated solid waste management plants, elevated roads along metro lines, flyovers, additional drinking water projects, new roads over storm water drains, and the Regional Rapid Transit System (RRTS) will require an estimated investment of Rs 1.5 lakh crore. He pointed out in his letter that Bengaluru, which hosts India's largest IT/ITES base, global investments, research institutions, and skilled talent, drives the country's economy and innovation. Live Events A copy of the letter, addressed to the PM, which also included a detailed note on the projects that require funding was also sent to media houses on Sunday. Speaking to PTI videos at the sidelines of the event, Shivakumar said he wanted to highlight the projects and the funds needed for them during his welcome speech. "But since they cancelled that, I handed over the letter to the PM saying that he should look at Bengaluru like a national capital," said Shivakumar. He said world leaders fly to Bengaluru to meet industrial leaders right after they land in Delhi, citing the example of Bongbong Marcos, President of the Philippines, who recently took a detour from Delhi trip to visit Bengaluru. Shivakumar added that the PM was also telling him about the importance of Bengaluru. "If they want to (build) brand India, they can only do it through Bengaluru," he said.
Time of India
10-08-2025
- Business
- Time of India
Shivakumar urges PM Modi to provide Rs 1.5 lakh cr in financial aid for infra projects in Bengaluru
Karnataka Deputy Chief Minister D K Shivakumar on Sunday urged Prime Minister Narendra Modi to extend financial assistance to the tune of Rs 1.5 lakh crore for key infrastructure projects to address the pressing issues of rapid urbanisation , specifically in the areas of mobility, water supply, waste management, drainage, and housing. Shivakumar handed over a letter outlining the need for the funds to PM Modi during an event organised to lay the foundation stone of Phase-3 of Bengaluru Metro "As Karnataka is the second-highest tax-paying state in the country, contributing about Rs 4.5 lakh crore annually to the national exchequer, I request the Government of India to extend funding support to Bengaluru on par with Delhi, enabling the city to emerge as a truly global metropolis," he said. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program According to Shivakumar, the construction of urban tunnels, the Bengaluru Business Corridor, integrated solid waste management plants, elevated roads along metro lines, flyovers, additional drinking water projects, new roads over storm water drains, and the Regional Rapid Transit System (RRTS) will require an estimated investment of Rs 1.5 lakh crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Why Crypto CFDs May Suit Your Portfolio IC Markets Learn More Undo He pointed out in his letter that Bengaluru, which hosts India's largest IT/ITES base, global investments, research institutions, and skilled talent, drives the country's economy and innovation. A copy of the letter, addressed to the PM, which also included a detailed note on the projects that require funding was also sent to media houses on Sunday.
