(The Gist of PIB) National Infrastructure Pipeline [MAY-2020]
(The Gist of PIB) National Infrastructure Pipeline
National Infrastructure Pipeline
The Task Force on National Infrastructure Pipeline (NIP) submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance.
Union Finance Minister in her Budget speech 2019-20 announced that Rs. 100 lakh crore would be invested in infrastructure over the next five years.
The Final Report of NIP Task Force is projecting total infrastructure investment of Rs 111 lakh crore during the period FY 2020-25. Out of Rs. 111 lakh crore,
projects worth Rs 44 lakh crore (40% of NIP) are under implementation,
projects worth Rs 33 lakh crore (30%) are at the conceptual stage,
projects worth Rs 22 lakh crore (20%) are under development.
Information regarding the project stage is unavailable for projects worth Rs 11 lakh crore (10%).
Sectors such as energy (24%), roads (18%), urban (17%), and railways (12%) amount to around 71% of the projected infrastructure investments in India.
The Centre (39%) and States (40%) are expected to have an almost equal share in implementing the NIP in India, followed by the private sector (21%).
The Task Force has recommended that three Committees be setup:
a Committee to monitor NIP progress and eliminate delays;
a Steering Committee in each Infrastructure ministry level for following up implementation; and
a Steering Committee in DEA for raising financial resources for the NIP.
The NIP project database would be hosted on India Investment Grid (IIG) shortly to provide visibility to the NIP and help in its financing with prospective investors; domestic and foreign, able to access updated project-level information.