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Cabinet approves upgradation of National Highway-56 sections in Gujarat at Rs.4583.64 Crore

Published By : Admin | February 14, 2026 | 13:02 IST

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, yesterday has approved a project for construction of 4-lane sections of Dhamasiya–Bitada/ Movi (47.46 km) and Nasarpore–Malotha (60.21 km) in Gujarat on HAM Mode with a Total Project length of 107.67 km and Total Capital Cost of Rs.4583.64 crore.

The project is a part of NH-56 which starts at Nimbahera in state of Rajasthan and traverses through Dahod District in Gujarat, Alirajpur District in the State of Madhya Pradesh and then re-enters Gujarat near Chhota Udepur District, terminating at its junction with NH-48 near Vapi.

Approved projects pass through Aspirational District of Narmada and will improve connectivity to tribal areas in Dahod, Chhota Udepur, Tapi and Bharuch thereby helping in economic growth and development of the region. The project will also improve connectivity to the Statue of Unity, a prominent national tourist destination located in Kevadia village at a distance of about 11 km from NH-56.

The project is designed for 100 km/h, enabling 70 km/h average speed which will cut travel time by 40% - from 2.5 to 1.5 hours.

The approved project with 107.67 km will generate about 19.38 lakh man-days of direct employment and 22.82 lakh man-days of indirect employment. The project will also induce additional employment opportunities due to increase in economic activity in the vicinity of the proposed corridor.

The Ministry of Road Transport and Highways, through National Highways Authority of India (NHAI), has taken up the upgradation of congested Jambugam (Bodeli)-Malotha section of NH-56 (175 km) to four-lane configuration under four packages. The stretches from Jambugam (Bodeli) to Dhamasiya and from Movi to Nasarpore have already been awarded and construction work has already commenced in Nov. 2025 with target completion period of 2 years. On completion of instant project packages a continuous 4-lane connectivity from Bodeli to Malotha will be established, thus easing congestion on NH-56 and enhancing further connectivity to NH-53, NH - 48 and the Delhi–Mumbai Expressway (NE - 4).

Project Alignment Map for Dhamasiya–Bitada/ Movi (47.46 km) and Nasarpore–Malotha (60.21 km) on NH-56

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Cabinet approves Startup India Fund of Funds 2.0 to Mobilize Venture Capital for India’s Startup Ecosystem
February 14, 2026
Rs. 10,000 crore corpus to support deep tech, tech-driven innovative manufacturing startups, and early-growth stage startups

In a major boost to India’s growing startup ecosystem, the Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of Rs. 10,000 crore for the purpose of mobilizing venture capital for the startup ecosystem of the country.

The Scheme is designed to accelerate the next phase of India’s startup journey by mobilising long-term domestic capital, strengthening the venture capital ecosystem, and supporting innovation-led entrepreneurship across the country.

Launched under the Startup India initiative, Startup India FoF 2.0 builds on nearly a decade of sustained efforts to make India one of the world’s leading startup nations. Since the launch of Startup India in 2016, India’s startup ecosystem has witnessed an extraordinary transformation growing from fewer than 500 startups to over 2 lakh Department for Promotion of Industry and Internal Trade (DPIIT)-recognised startups today, with 2025 marking the highest ever annual startup registrations.

Building on Fund of Funds for Startups 1.0

The Startup India FoF 2.0 follows the strong performance of the Fund of Funds for Startups (FFS 1.0), which was launched in 2016 to address funding gaps and catalyse the domestic venture capital market for startups.

Under FFS 1.0, the entire corpus of Rs. 10,000 crore has been committed to 145 Alternative Investment Funds (AIFs). Such supported AIFs have invested over Rs. 25,500 crore in more than 1,370 startups across the country in sectors such as agriculture, artificial intelligence, robotics, automotive, clean tech, consumer goods & services, e-commerce, education, fintech, food & beverages, healthcare, manufacturing, space tech, and biotechnology amongst others.

FFS 1.0 played a pivotal role in nurturing first-time founders, crowding in private capital, and helping build a strong foundation for India’s venture capital ecosystem.

Key Features of the Scheme:

While the first phase built the ecosystem, Startup India FoF 2.0 is designed to take Indian innovation to the next level. The new fund will have a targeted, segmented funding approach to support:

  1. Deep tech and tech-driven innovative manufacturing: Prioritizing breakthroughs in high-tech areas that require patient, long-term capital.
  2. Empowering early-growth stage founders: Providing a safety net for new and innovative ideas, reducing early-stage failures caused by lack of funding.
  3. National reach: Encouraging investment beyond major metros so that, the innovation thrives in every corner of the country.
  4. Designed to address high‑risk capital gaps: Directing greater capital to priority areas which are important for self-reliance and boosting economic growth.
  5. Strengthen India’s domestic venture capital base, particularly smaller funds to further boost the domestic investment landscape.

Startup India FoF 2.0 is expected to play a pivotal role in shaping India’s economic trajectory, leading to transformational impact.

Startup India Fund of Funds 2.0 is expected to play a critical role in advancing India’s innovation-led growth agenda. By supporting startups that build globally competitive technologies, products, and solutions, the Fund will contribute to strengthening India’s economic resilience, boosting manufacturing capabilities, generating high-quality jobs, and positioning India as a global innovation hub.

Aligned with the national vision of Viksit Bharat @ 2047, the Fund represents the Government’s continued commitment to empowering entrepreneurs, fostering innovation, and unlocking the full potential of India’s startup ecosystem.