Urban investments soar 16-fold since 2014: Union Minister

North News

New Delhi, December 10

Investments in India’s urban sector have surged 16 times, rising from ₹1.78 lakh crore during 2004-14 to ₹28.52 lakh crore since 2014, Union Housing and Urban Affairs Minister Manohar Lal said on Tuesday. Speaking at a press briefing, Manohar Lal attributed the growth to the government’s commitment to achieving the “Vikshit Bharat” goal by 2047. Highlighting the role of urbanisation in India’s growth strategy, he said that urban development schemes have been expanded and executed with greater efficiency in recent months.

Under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT), he said, the government has achieved milestones including 4,649 MLD of water treatment capacity and 4,429 MLD of sewage treatment capacity.

Lal added that AMRUT 2.0 is focused on tackling waterlogging through stormwater drainage systems and improving drinking water and sewerage infrastructure.