New Delhi, Aug 10: Union Finance Minister Nirmala Sitharaman inaugurated the National Infrastructure Pipeline (NIP) Online Dashboard here on Monday through video conferencing.
The NIP is first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens and improve project preparation, attract investments — both domestic & foreign — into infrastructure, and will be crucial for attaining the target of becoming a USD 5 trillion economy by FY 2025.
The online dashboard is envisaged as a one stop solution for all stakeholders looking for information on infrastructure projects in New India. The dashboard is being hosted on the India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in).
IIG is an interactive and dynamic online platform that showcases updated & real-time investment opportunities in the country.
Speaking at the event, Ms Sitharaman said, ‘NIP will provide a boost to the vision of an Aatma Nirbhar Bharat. The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for PPP projects. This is a great step in the direction of implementing NIP- giving a fillip to infrastructure development in the country.’
India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in), is an interactive and dynamic online platform to showcase the best of investment opportunities in India to the global investor community.
Developed and managed by Invest India, the National Investment Promotion and Facilitation Agency, IIG serves as the gateway to investments in India, and is also widely used by Indian missions and embassies across the world.
In the budget speech of 2019-2020, Ms Sitharaman has announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years. The budget announcement followed the Independence Day speech by Prime Minister Narendra Modi, wherein he highlighted that ‘For development of modern infrastructure, an amount of Rs 100 lakh Crore has been earmarked for this period which will create new job opportunities besides improving the living standards’.
A high level Task Force submitted a final report on the National Infrastructure Pipeline with projected infrastructure investment of Rs 111 Lakh Crore during FY 2020-25.