National Infrastructure Pipeline Task Force on presents its Final Report

The Task Force on National Infrastructure Pipeline (NIP) submitted its Final Report on NIP for FY 2019-25 to the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman on April 29, 2020. The Summary Report of the Task Force on National Infrastructure Pipeline for 2019-2025 has already been released by the Finance Minister on December 31^st, 2019.

Background

Union Finance Minister Smt. Nirmala Sitharaman in her Budget speech 2019-20 announced that Rs. 100 lakh crore would be invested on infrastructure over the next five years.

The Final Report of NIP Task Force is projecting total infrastructure investment of Rs 111 lakh crore during the period FY 2020-25 in light of additional/amended data provided by Central Ministries/State Governments since the release of summary NIP Report.

Out of the total expected capital expenditure of Rs. 111 lakh crore, projects worth Rs 44 lakh crore (40% of NIP) are under implementation, projects worth Rs 33 lakh crore (30%) are at conceptual stage and projects worth Rs 22 lakh crore (20%) are under development Information regarding project stage are unavailable for projects worth Rs 11 lakh crore (10%). Sectors such as energy (24%), roads (18%), urban (17%) and railways (12%) amount to around 71% of the projected infrastructure investments in India. The Centre (39%) and States (40%) are expected to have almost equal share in implementing the NIP in India, followed by the private sector (21%).

About National Infrastructure Pipeline

NIP is a first-of-its-kind, whole-of-government exercise to provide world-class infrastructure across the country, and improve the quality of life for all citizens.

It aims to improve project preparation, attract investments (both domestic and foreign) into infrastructure, and will be crucial for target of becoming a $5 trillion economy by FY 2025.

The Task Force has recommended that three Committees be setup:

1. a Committee to monitor NIP progress and eliminate delays;
2. a Steering Committee in each Infrastructure ministry level for following up implementation; and
3. a Steering Committee in DEA for raising financial resources for the NIP.