Government unveils massive Rs 102 lakh crore Infrastructure plan
Government unveils massive Rs 102 lakh crore Infrastructure plan

Finance Minister Nirmala Sitharaman has unveiled a mammoth Rs 102 lakh crore national infrastructure pipeline, in accordance with the Government's vision to make India a USD 5 trillion economy by 2024-25. The finance ministry had set up a task force headed by Economic Affairs Secretary to prepare a road map for the National Infrastructure Pipeline (NIP) from 2019-20 to 2024-25 under the Rs 100 lakh crore infra plan.

The Key takeaways are:

- Irrigation and rural infrastructure projects would account for Rs7.7 lakh crore each. Rs3.07 lakh crore would be spent on industrial infrastructure. Agriculture and social infrastructure would account for the rest.

- Road projects will account for Rs19.63 lakh crore while another Rs13.68 lakh crore would be for railway projects.

- Port projects would see spending of Rs 1 lakh crore and airports another Rs1.43 lakh crore. Rs16.29 lakh crore would be spent on urban infrastructure and Rs3.2 lakh crore in telecom projects.

- According to the sector-wise break-up of projects, Rs 24.54 lakh crore investment will flow in the energy sector, and of that Rs11.70 lakh crore would be in just the power sector.

- Even the Digital sector, mobility sector would see a substantial investment under the NIP.

- Around 42% of NIP projects are now under implementation while 31% are at the conceptualisation stage.

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