On Monday the honorable Finance Minister Ms. Nirmala Sitharaman launched the National Infrastructure Pipeline’s (NIP) online dashboard through video conferencing. An official statement from the Ministry of Finance mentions that the online dashboard is envisaged as a one-stop solution for all the stakeholders looking for information based on the infrastructure projects.
This online dashboard is being hosted on the site of India Investment Grid (IIG) as — www.indiainvestmentgrid.gov.in. Indian Investment Grid provides an interactive and dynamic online platform that showcases and updates the real-time investment opportunities in the country.
During the event of launching the online dashboard, Finance Minister Ms. Nirmala Sitharaman said that the National Infrastructure Pipelines will provide a boost to the vision of ‘Aatmanirbhar Bharat’ and IIG will ensure the availability of NIP projects and their easy accessibility to update the project information and attract investors for PPP projects and this will lead to a great step in the direction of implementing NIP, by giving a fillip to infrastructure development in our country
The Finance Minister had announced an outlay of Rs.100 lakh crore for infrastructure projects over the next five years during the budget speech of 2019-2020. A final report was submitted by a high-level task force on the National Infrastructure Pipeline with projected infrastructure investment of Rs 111 lakh crore during FY 2020-25.
Based on the viewpoint of the government the National Infrastructure Pipeline will improve their project preparation, and attract investments, both domestic as well as foreign, into infrastructure, and they will be more crucial for attaining the target of becoming a $5 trillion economy by FY2025. So, they cover both economic and social infrastructure projects based on the updated Harmonized Master List of Infrastructure.
They expect total capital expenditure of Rs. 111 lakh crore, out of this project worth Rs. 44 lakh crore that is,40 percent are under the implementation phase, and projects worth Rs 33 lakh crore ie,30 percent are at a conceptual stage. Projects worth Rs 22 lakh crore (20 percent) are under development and the balance projects worth Rs 11 lakh crore (10 percent) are unclassified. This project is now hosted to attract investments from global and domestic investors.
