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PM Modi delivered a 90-mins speech on account of India’s 74th Independence Day. There were announcements of new projects, while PM reiterated the government’s stance to complete the existing ones. So, what’s in it for the market, what investment opportunities you can get out of the speech?
1. Jal Jeevan Mission:
Ministry of Jal Shakti is implementing an ambitious project called ‘Jal Jeevan Mission’ under which every household in the country should get safe and adequate drinking water through tap-pipeline connection by 2024. PM Modi told in his speech that every day one lakh families are getting new pipelined water connections and in the last year 2 crore new connections were given. PM Modi also told about the allotment of Rs. 1 lakh crore for agriculture infrastructure.
As there will be more demand for pipes especially for domestic water supply and irrigation, pipe stocks like Finolex Industries, Apollo Pipes ltd could be good betting for medium term to long term.
2. Optical Fibre connections for 6 lakh village panchayats:
PM Modi mentioned the newly connected 1.5 lakh Gram Panchayats through optical fiber network and his Government’s target to extend the same facility to all 6 lakh village panchayats in the country within the next 1000 days.
This can be a growth opportunity to optical fiber infra companies like Birla cables, Tejas networks, Sterlite Technologies, and telecom solution companies like Tata Communications.
Prime Minister also highlighted the increase in cybercrime activities and hence the need of new cybersecurity policy. This can be beneficial for companies like QuickHeal Technologies and other IT service companies that have cybersecurity as their domain expertise. IT companies can also get an advantage from the National Digital Health mission which will provide health IDs to every citizen and digitize the whole health system.
3. National Infrastructure Pipeline Project:
PM Modi announced that more than 110 lakh crore rupees will be spent on selected 7000 projects in various sectors under the National Infrastructure Pipeline project. His government wants to have a multi-model connectivity infrastructure under which there will be comprehensive development of rail, road, sea-port, and airport network. He also told about the government’s plan to have four-lane roads in the coastal parts of the country.
Here there will be limitless opportunities for construction/management companies like L&T, NCC, DLF, NBCC, etc., for port companies like GPPL, Adani Ports, and also for cement and steel companies.
So, Happy Investing!
Regards,
StockTradingF&O team
Disclaimer: This information is only for educational purposes. Please consult your own financial advisor before investing.