The cost overruns of central government projects worth Rs 150 crore and above decreased to 19.1% in August, marking the fourth consecutive month of decline. However, 54% of the projects were delayed for over two years, with an average time overrun of 36.96 months. The railways ministry had the highest cost overruns, while the roads ministry faced overrun in 185 out of 945 projects.
Willing to pay extra to build resilience in our supply chains: Piyush Goyal
India is actively addressing supply chain vulnerabilities across all sectors, willing to invest more to build resilience. The government’s ‘Atmanirbhar Bharat’ initiative, coupled with infrastructure