India's Modi unveils $1.3tn infrastructure plan 'for next 25 years'

Project aims to set long-term direction, but funding source is unclear

20211013 Modi

India's Prime Minister Narendra Modi makes a speech at the launch of the PM Gati Shakti  infrastructure plan in New Delhi on Oct. 13. (Photo courtesy of government of India)

KIRAN SHARMA, Nikkei staff writer

NEW DELHI -- India's Prime Minister Narendra Modi on Wednesday launched an ambitious 100 trillion rupee ($1.3 trillion) plan for integrated infrastructure development aimed at creating employment for hundreds of thousands of people and strengthening the economy.

"With the resolve of a self-reliant India, the foundation of India for the next 25 years is being laid," Modi said, adding that the plan will promote next-generation infrastructure and improve transport connections.

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