Finance Minister Nirmala Sitharaman did not mention about raising capital outlay for the National Infrastructure Pipeline (NIP) project even though the government announced an 11.1 percent increase in infrastructure spending focusing on railways, metros, power and capital goods.
NIP was launched with 6,835 projects and has expanded to capture over 9,288 projects with a total outlay of Rs 108.88 lakh crore between 2020 and 2025.
The total capital expenditure in the infrastructure sector in India for 2020 to 2025 is projected at Rs 111 lakh crore, according to a government report. Of this, Rs 44 lakh crore (40 percent) worth of projects are under implementation, while those in the conceptualisation stage are pegged at Rs 34 lakh crore (30 percent) and those under development are estimated at Rs 22 lakh crore (20 percent), the report added.
About 71 percent of the projected infrastructure investment in India for fiscal 2020 to 2025 consists of sectors such as energy (24 percent), roads (18 percent), urban (17 percent) and railways (12 percent).
NIP consists of projects implemented by all the states and Union Territories and 22 infrastructure ministries. It comprises brownfield and greenfield infrastructure projects of above Rs 100 crore across both economic and social infrastructure.
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