The mega projects in India and the new big projects in India aim to transform the livelihoods of the second-most populous country in the world. In recent years, we have seen a major push towards greater infrastructure projects in the developing world as the need for these projects takes centre stage. Mega projects in India will ease the cost of doing business, alleviate poverty and improve the lives of millions.
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The following are the top ongoing mega projects in India:
- Bharatmala Pariyojna in India (Cost US$ 130bn+)
- Delhi–Mumbai Industrial Corridor Project in India (Cost US$ 90bn+)
- Mumbai–Ahmedabad High-Speed Rail Corridor (Cost S$ 18bn)
- Noida Jewar International Greenfield Airport (Cost US$ 4bn)
- Navi Mumbai International Airport (Cost US$ 2.5bn)
Overview of the 5 new big projects in India
1. Bharatmala Pariyojna
The Bharatmala Pariyojna is the biggest project in India and also in the whole of Asia. The over US$ 130 billion project is developed, sponsored, and funded by the Government of India. This makes it the single largest outlay for a government road construction scheme.
The project involves the development of road connectivity to border areas and the development of coastal roads including road connectivity for non-major ports. Additionally, Bharatmala Pariyojna includes improvement in the efficiency of national corridors, development of economic corridors, inter corridors, and feeder routes among others.
The project was proposed by Prime Minister Shri Narendra Modi and announced back in 2017.
2. Delhi–Mumbai Industrial Corridor Project (DMIC)
Delhi–Mumbai Industrial Corridor Project is a US$ 90 billion-plus industrial development in India.
It is a 1,483 km railway track worked into nine “Mega Industrial Zones”. The project was started in pursuance of an agreement signed between India’s government and Japan in 2006 December. The main aim of the billion-dollar scheme is to create a quick, reliable trade route linking the north of India to the south.
The DMIC project encompasses the development of industrial cities, infrastructure facilities, logistics and transport systems, power plants, and other associated amenities. It aims to create a globally competitive manufacturing and investment destination by establishing industrial clusters along the corridor, attracting domestic and foreign investments, and boosting economic growth in the region.
DMIC Development Corporation (DMICDC) is the implementing agency of the Delhi–Mumbai Industrial Corridor Project.
3. Mumbai–Ahmedabad High-Speed Rail Corridor
Another one of the new big projects in India is Mumbai–Ahmedabad High-Speed Rail Corridor. This is a high-speed rail line meant to connect the South Asian country’s economic hub, Mumbai, with the city of Ahmedabad in Gujarat.
The 508km project is a part of the 650 km-long high-speed rail corridor that was proposed to run from Pune to Ahmedabad through Mumbai. It was launched in 2014 by the Government led by Prime Minister Narendra Modi.
The US$18bn project is being implemented by Rail Vikas Nigam and the National High-Speed Rail Corporation (NHSRC).
4. Noida Jewar International Greenfield Airport
Noida Jewar International Greenfield Airport, also known as Delhi Noida International Airport or Jewar Airport is also one of the new big projects in India. The US$ 4bn project is being developed through a public-private partnership model (PPP). The project’s site is located near the town of Jewar in Gautam Buddh Nagar, Uttar Pradesh, India.
Yamuna Expressway Industrial Development Authority (YEIDA) is the Noida Jewar International Greenfield Airport project implementing agency. YEIDA is acting on behalf of the government of Uttar Pradesh.
Construction began in the third quarter of 2021 and is expected to be finished in the fourth quarter of 2040. The project’s major goal is to give new transportation options for Indian tourists.
5. Navi Mumbai International Airport
Navi Mumbai International Airport project is a greenfield international airport that is being developed in Navi Mumbai, Maharashtra, India. To be precise the airport is coming up along the National Highway (NH) 4B near Panvel/Uran.
The airport is developed under a public-private partnership (PPP). The PPP is between the Airports Authority of India (AAI) and the Government of Maharashtra, together with Mumbai International Airports Ltd (MIAL).
The implementation of the Navi Mumbai International Airport project, the cost of which is US$ 2.5bn plus, began in August 2021. It is being exited in phases and it is expected to be completed concurrently starting from December 2024.
