The National Infrastructure Pipeline (NIP) for FY2019-25, is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure to citizens and improving their quality of life.
Under NIP, all projects (Greenfield or Brownfield, under conceptualization or under implementation or under Development) of project cost greater than Rs. 100 crore per project are captured.
The National Infrastructure Pipeline is a step in the direction to achieve seamless working and productivity in other business sectors and India's ambitious goal to be a USD 5 trillion economy by 2025 via strong infrastructure growth.
Mission: The mission of the National Infrastructure Pipeline (NIP) is to deliver and maintain public infrastructure adhering to global standards.
To draw up the NIP, a High-Level Task Force was constituted under the chairmanship of the Secretary, Department of Economic Affairs (DEA), Ministry of Finance.
A well-planned NIP will allow for more inclusive growth, as it will generate jobs, provide better living conditions, equitable access to infrastructure, etc.
The grand infra project is expected to garner total funding of $1.4 trillion by 2024-25. The Central and State governments will contribute 39 percent each and the private sector will provide the remaining 22 percent for the project’s capital expenditure.
The National Infrastructure Pipeline has the primary mission to look after the following points:
Create a five-year strategy for India’s infrastructure development in important industries.
Assist in the design, delivery, and maintenance of public infrastructure in accordance with international standards.
Facilitate broad and sectoral reforms in the regulation and administration of public infrastructure services in accordance with international best practices.
Improve India’s public infrastructure ranks globally.
Energy, roads, railways and urban projects are estimated to account for the bulk of projects (around 70%). The Centre (39 percent) and state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share.
Starting with 6,835 projects, the NIP project count now stands at 9,142 covering 34 sub-sectors, as per news reports.
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