Home » Finance » Finance Minister  releases Report of the Task Force on National Infrastructure Pipeline for 2019-2025

Finance Minister  releases Report of the Task Force on National Infrastructure Pipeline for 2019-2025

To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (Rs. 100 lakh crore) over these years on infrastructure. In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure. The challenge is to step-up annual infrastructure investment so that lack of infrastructure does not become a binding constraint on the growth of the Indian economy. The Union Finance Minister Smt. Nirmala Sitharaman made a brief statement on the contents of the National Infrastructure Pipeline at a Press Conference here today. She indicated that Government will examine the recommendations of the Task Force and take action early.

Hon’ble Prime Minister in his Independence Day-2019 speech highlighted that Rs.100 lakh crore would be invested on infrastructure over the next five years including social and economic infrastructure projects.

To achieve this objective, a Task Force was constituted to draw up the National Infrastructure Pipeline (NIP) for each of the years from FY 2019-20 to FY 2024-25 with the approval of the Finance Minister. The Task Force is chaired by Secretary, DEA with CEO (NITI Aayog), Secretary (Expenditure), Secretary of the Administrative Ministries, and Additional Secretary (Investments), DEA as members and Joint Secretary (IPF), DEA as Member Secretary.

The first meeting of the Task Force was held in September 2019. Subsequently, several meetings were held with various Departments/Ministries engaged in infrastructure development, Corporates engaged in infrastructure development & construction, Banks/Financial Institutions, Private Equity funds, and Industry Associations, including CII, FICCI & ASSOCHAM, to seek information as well as suggestions on reforms required in infrastructure sectors.

This exercise, the first of its kind, is expected to be followed up by a periodical review process. NIP will enable a forward outlook on infrastructure projects which will create jobs, improve ease of living, and provide equitable access to infrastructure for all, thereby making growth more inclusive. NIP includes economic and social infrastructure projects.

On the basis of the information compiled as on date, total project capital expenditure in infrastructure sectors in India during the fiscals 2020 to 2025 is projected at over Rs 102 lakh crore.

During the fiscals 2020 to 2025, sectors such as Energy (24%), Roads (19%), Urban (16%), and Railways (13%) amount to around 70% of the projected capital expenditure in infrastructure in India. The detailed sector wise break of the pipeline is as follows:

Ministry/ Department FY 20-25
Energy
Power 1175995
Renewable Energy 929500
Atomic Energy 154088
Petroleum and Natural Gas 194666
Total Energy 2,454,249
Roads
Roads 1,963,943
Total Roads 1,963,943
Railways
Railways 1,368,523
Total Railways 1,368,523
Ports
Ports 100,923
Total Ports 100,923
Airports
Airports 143,398
Total Airports 143,398
Urban
AMRUT, SMART Cities, MRTS, Affordable Housing, Jal Jeevan Mission 1,629,012
Total Urban 1,629,012
Telecommunication
Telecommunication 320,498
Total Telecommunications 320,498
Irrigation
Irrigation 772,678
Total Irrigation 772,678
Rural Infrastructure
Rural Infrastructure 410,955
Water and Sanitation 361,810
Total Rural Infrastructure 772,765
Agriculture and Food Processing Infrastructure
Agriculture Infrastructure 54,298
Food Processing Industries 1,255
Food and Public Distribution 5,000
Total Agriculture and Food Processing Infrastructure 60,553
Social Infrastructure
Higher Education 118,348
School Education 37,791
Health and Family Welfare 168,622
Sports 7,618
Tourism 24,321
Total Social Infrastructure 356,701
Industrial Infrastructure
Industries and Internal Trade 299,237
Steel 8,225
Total Industrial Infrastructure 307,462
TOTAL (Rs. Crore) 10,250,704

 

Out of the total expected capital expenditure of Rs. 102 lakh crore, projects worth Rs 42.7 lakh crore (42%) are under implementation, projects worth Rs 32.7 lakh crore (32%) are in conceptualization stage and rest are under development. It is expected that projects of certain states, who are yet to communicate their pipelines, would be added to the pipeline in due course.

The Task Force in its detailed report has given recommendations on changes required to several key sectoral policies and other reform initiatives to be initiated by Central and State Governments. A monitoring mechanism has also been suggested to ensure timely implementation.

A copy of Report of Task force is attached here

About ppb

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Four more States complete ease of doing business reforms; Get additional borrowing permission of Rs. 5,034 crore

So far, 12 States have implemented ease of doing business reforms and have got additional ...

National Research Foundation Outlay to be Rs 50,000 crore, over 5 years

To strengthen the overall research ecosystem of the country, the Union Budget FY 2021-22 announced a ...

Summary of the Budget 2021-22

  PART-A The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman presented the ...

Decriminalisation of the Limited Liability Partnership (LLP) Act, 2008 proposed

Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman proposed reforms for small companies ...

Union Finance Minister says Every Possible Measure shall be taken to smoothen the GST

With an aim to rationalize custom duty structure, ease compliance and give impetus to domestic ...

India is expected to witness current account surplus after a gap of 17 Years

Covid-19 pandemic has triggered the worst global recession in 2020 since the Great Depression; the ...

India must continue to focus on Economic Growth to Alleviate Poverty: Economic Survey 2020-21 “Given ...

Grant of Rs.12,351 crore released for Rural Local Bodies

The Department of Expenditure, Ministry of Finance has released an amount of Rs.12,351.5 crore to ...

13th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall

The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 ...

Projects of Rs.10,657 crore in 27 States have been approved so far under the “Scheme for financial assistance to States for capital projects”

Madhya Pradesh has become the first State to get additional funds for capital projects for ...

WP2Social Auto Publish Powered By : XYZScripts.com