NEW DELHI: Finance Minister Nirmala Sitharaman on Monday inaugurated the National Infrastructure Pipeline (NIP) on-line dashboard to be hosted on the India Funding Grid (IIG), which is an interactive and dynamic on-line platform that showcases updated and valid-time funding alternatives in the nation. The platform is envisaged as a one quit solution for all stakeholders procuring for facts on infrastructure projects in Unique India.
“NIP will provide a enhance to the vision of an Aatma Nirbhar Bharat. The provision of NIP projects on IIG shall be particular clear-reduce accessibility to updated venture facts and entice merchants for PPP projects,” Sitharaman changed into quoted as announcing in an announcement. “It’s miles a substantial step in the route of implementing NIP- giving a fillip to infrastructure pattern in the nation,” she added.
Within the funds speech of 2019-2020, Sitharaman announced an outlay of Rs 100 lakh crore for infrastructure projects over the next 5 years. A high stage job force submitted a closing file on the NIP with projected infrastructure funding of Rs 111 lakh crore right thru FY2020-25.
NIP, which covers both financial and social infrastructure projects, will reinforce venture preparation, entice investments (both domestic & international) into infrastructure, and would possibly perchance possibly perchance additionally goal be wanted for achieving the target of adjusting into a $5 trillion financial system by FY 2025, the observation said.