Modi meets infra secretaries to set target for current fiscal

Aiming to spruce up growth, Prime Minister Narendra Modi met the secretaries of nine infrastructure ministries to set targets for 2014-15 and identify key projects in sectors like road, power and railways.

According to sources, Planning Commission Secretary Sindhushree Khullar made a 15-page presentation on the performance of core infrastructure ministries in 2013-14 and deliberated on the targets suggested by the ministries for the current fiscal. Infrastructure sector is a focus area for the Modi-led government.

The Centre is keen to speed up infrastructure development and investment to boost economic growth which remained at sub 5 per cent level during the previous two fiscals. Secretaries and senior officials from nine infrastructure ministries - power, road transport, shipping, civil aviation, coal, petroleum, railways, telecom and renewable energy - were present in the meeting.

Besides, top officials from Rural Development Ministry and Environment and Forest Ministry also attended the meeting. Source said the Commission has proposed laying of 300 km new railway track during the current fiscal. Indian railways laid 450 kms of new track in 2013-14, which was short of the targeted 500 km. Similarly, the Plan panel, proposed to set a target of 700 km for doubling of rail tracks in the current fiscal against 900 km targeted in 2013-14.

Indian railways achieved doubling of around 700 km of rail track in previous fiscal. For the civil aviation sector, the Commission has proposed to lower the investment target from Rs 1,008 crore in previous fiscal to Rs 934 crore in the current fiscal.

PTI