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Infrastructure project in India From Wikipedia, the free encyclopedia
The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of ₹102 lakh crore (equivalent to ₹120 trillion or US$1.4 trillion in 2023). The pipeline was first made public by the Prime Minister of India Narendra Modi during his 2019 Independence Day speech.[1][2]
National Infrastructure Pipeline | |
---|---|
Duration | 2020—2025 |
Sanctioned | ₹1.97 lakh crore (US$1.4 trillion) |
Total Capital Outlay (Dec 2020) | USD 1,781.47 billion |
Projects (Dec 2020) | 7,400 |
Website: indiainvestmentgrid | |
Real time data and details related to NIP can be found online at the India Investment Grid website which was launched in August 2020.[3]
The task force headed by Atanu Chakraborty, the economic affairs secretary in the finance ministry, on National Infrastructure Pipeline, in May 2020, submitted its final report to the Finance Minister. Important recommendations and observations made:
The task force has recommended setting up of the following three committees: Committee to monitor NIP progress and eliminate delays. Steering Committee at each Infrastructure ministry level to follow up on the implementation process. Steering Committee in DEA for raising financial resources for the NIP.[4][5]
In August 2020, the Union Minister for Finance and Corporate Affairs launched the India Investment Grid website which provides "Information on large-scale government infrastructure projects as an aid to investors, lenders and companies bidding for work. The grid is designed to give real-time updates on the implementation of the National Infrastructure Pipeline (NIP)."[3][6][7]
National Monetisation Pipeline (NMP) is Government of India's monetisation framework for Government assets including roadways, railways and airports, power transmission lines, energy and renewable energy related assets, warehousing and sport-related assets.[8]
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