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Efforts are on to attract investment from all over the world to improve the country’s infrastructure: PM Modi

New Delhi:  Efforts are on to attract investment from all over the world to improve the country's infrastructure, said Prime Minister Narendra Modi on Monday, while inaugurating the construction work of Agra metro project through video conference. “One of the major problems of the country’s infrastructure sector has been that new projects were announced, but not much attention was given to where the money would come from,”

 He added that his government has ensured the necessary funds at the start of the new projects itself. He said that more than Rs 100 lakh crore will be spent under the National Infrastructure Pipeline Project. The work is also being done on the Multi-modal Connectivity Infrastructure Master Plan. He added that efforts are on to attract investment from all over the world to improve the country’s infrastructure.

Terming tourism as a sector in which there are means of earning for everyone, the Prime Minister informed not only has the government increased the number of countries covered under the e-Visa scheme, it has also reduced the tax on hotel room tariff significantly. Efforts are also being made to attract tourists through schemes like Swadesh Darshan and Prasad, he added. With the efforts of the government, India is now ranked at number 34 in Travel and Tourism Competitiveness Index. In 2013, India was ranked 65th in this index.

The Prime Minister said reforms are now being carried out in a wholesome manner rather than in piecemeal manner. He remarked that for the development of cities work has been done at four levels - resolution of long standing problems, ease of living, maximum investment, more use of modern technology.

The Prime Minister said there was a trust-gap between the builders and the home buyers. He said people with some wrong intentions brought disrepute to the entire real estate sector, upsetting our middle class. He said RERA's law was introduced to remove this problem. He added, some recent reports show that after this law, middle class homes started getting completed quickly.

The Prime Minister said Pradhan Mantri Awas Yojana was inaugurated from Agra and under this scheme more than one crore houses have been approved for the urban poor. For the middle class of the city, help is being provided to buy houses for the first time. He said so far, more than 12 lakh urban middle class families have been given help of about Rs 28000 crore to buy houses.

He said Infrastructure like water, sewer are being upgraded in several cities under AMRUT mission and help is being given to local bodies to make public toilets better in cities and to implement a modern system of waste management. He informed that post 2014, 450 km metro line has been operationalized as compared to mere 225 km before that. He also informed that work on the 1000 km long metro lines is progressing expeditiously. This work is on in 27 cities of the county. /BI/