The Government of India is preparing to invest 102 lakhs in the National Infra Pipeline to give a favorable environment to the investors in the country’s economy. Any industry or business needs a good infrastructure to increase its productivity. The Indian government’s dream is to make India a $ 5 trillion economy.
That is why the country’s Finance Minister Nirmala Sitharaman today announced an investment of 102 lakh crores in the infrastructure-related areas of the country. Nirmala Sitharaman has informed in her press conference in Delhi that the task force related to infra development has held 70 meetings, after which the government has announced the project.
While giving detailed information on these infrastructure projects, the government said that 22 Ministry 18 States and Union Territory will get the benefit of this infra pipeline project.
To achieve this goal, the government has created the National Infrastructure Pipeline coordination mechanism so that infra planning, detailed information and progressed work can be monitored.
Nirmala Sitharaman said that the government has paid attention to the infrastructure in the last few years, in the last 6 years, the current government has invested Rs 51 lakh crore, which is 5-6% of GDP.
Under the government’s National Infrastructure Pipeline Project, 39% of shares have been earmarked for the central government, 39% share for the state governments and 22% for the private sector, Nirmala Sitharaman said. Our target is 30 share to the private sector by 2025 have to give.
Project wise distribution for infrastructure pipeline
- 42.7 lakh crores for 43% of projects are under implementations
- 32.7 lakh crores for 33% projects are conceptualization stage
- 19.1 lakh crores for 19% projects are under development
Sectors under Infrastructure Pipeline Project
- Power Railway Sector
- Renewable sector connected to the power
- Urban area developments
- Digital sectors
Web Title: Government of India invests 102 lakh crore in National Infra Pipeline
Featured Image: Nirmala Sitaraman Press Conference (Pic: The Hindu)