Nirmala Sitharaman unveils ₹102 lakh crore national infrastructure plan
India plans to invest about ₹102 lakh crore in the infrastructure sector in the next five years to achieve the GDP target of $5 trillion by 2024-25
India will hold an annual global investors meet in 2020, finance minister Nirmala Sitharaman announces
NEW DELHI : Finance Minister Nirmala Sitharaman today unveiled a ₹102 lakh crore national infrastructure pipeline, in accordance with the Narendra Modi government's vision to make India a $5 trillion economy by 2024-25. The finance ministry had set up a task force headed by Economic Affairs Secretary to prepare a road map for the "national infrastructure pipeline" from 2019-20 to 2024-25 under the ₹100 lakh crore infra plan.
-Centre and states spent ₹51 lakh crore in the last 6 years: FM
-Power, railways, urban irrigation, mobility, education, health form bulk of infra project pipeline, says FM.
- ₹2.5 lakh crore port and airport projects, ₹3.2 lakh crore digital infra projects identified, ₹16 lakh crore irrigation, rural, agri and food processing projects identified and over ₹16 lakh crore infra projects including mobility projects: FM
-Private sector to share a 22-25% of NIP investments, Centre and states the rest: Sitharaman.
-Nearly ₹20 lakh crore road and nearly ₹14 lakh crore railway projects lined up under NIP.
-National Infrastructure Pipeline Coordination mechanism will be launched to monitor identified infra projects: Sitharaman.
-Nearly ₹25 lakh crore energy projects are lined up under the national infrastructure pipeline.
-We have kept our promise which was made by PM Modi in his Independence Day speech: Sitharaman.
-Annual investor meet is expected to be organised in the second half of 2020: Sitharaman.
-We are looking at various suggestions given by various working groups under the task force: FM
-Out of the projects included in the national infrastructure pipeline, 43% are under implementation, 33% are at conceptual stage and 19% are under development.
-In the next couple of weeks, another ₹3 trillion worth of projects will be added to the project, taking the total to $105 trillion: FM
- ₹102 lakh crore National Infrastructure Projects (NIP) to help make India a $5 trillion economy by 2025: Sitharaman
-Infrastructure is a focus area for the government: FM
-This is the first time that we will have an infra pipeline: Sitharaman.
-The task force has submitted its report in just 4 months.
-We will get projects worth ₹105 lakh crore in infrastructure, Sitharaman said.
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