As India plans to make capital expenditure of Rs 111 lakh crore in the next a few years to create world-class infrastructure, the government said nearly 40 per cent of the projects are under implementation, while another 30 per cent are at conceptual stage.
These Rs 111 lakh crore projects, collectively called National Infrastructure Pipeline (NIP), also aims at bringing more investments into the country. This programme is part of turning India into a five trillion USD economy by 2025.
Finance Minister Nirmala Sitharaman, on Monday, launched an online dashboard—a one stop solution—for all stakeholders looking for information on infrastructure projects in India. This platform showcases updated and real-time investment opportunities in the country.
“NIP will provide a boost to the vision of an Aatma Nirbhar Bharat. The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for PPP projects. This is a great step in the direction of implementing NIP, giving a fillip to infrastructure development in the country,” Sitharaman said.
NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens. NIP will improve project preparation, attract investments (both domestic and foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by 2025.
According to finance ministry, out of the total expected capital expenditure of Rs 111 lakh crore, projects worth Rs 44 lakh crore (40 per cent) are under implementation, projects worth Rs 33 lakh crore (30 per cent) are at a conceptual stage, projects worth Rs 22 lakh crore (20 per cent) are under development (project identified and DPR prepared, but yet to draw-down funds) and the remaining projects worth Rs 11 lakh crore are unclassified.
The NIP project database, hosted on India Investment Grid (IIG), would provide visibility to the NIP and help in financing with prospective domestic and foreign investors to access updated project level information.