 "real estate")
Finance Minister Nirmala Sitharaman’s Budget on Wednesday announced initiatives for transport and housing, supporting the sectors with a record capital expenditure allocation of Rs 10 trillion.
The ministries of housing and urban affairs (MoHUA) and railways will see a capex surge in FY24, getting close to Rs 3.2 trillion together. The Centre will continue its focus on having a "virtuous cycle" in private investment and getting more of it into government projects.
“The newly-established infrastructure finance secretariat will assist all stakeholders for more private investment in infrastructure, including railways, roads, urban infrastructure, and power, which are predominantly dependent on public resources,” Sitharaman said.
