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Report of task force on National Infrastructure on Pipeline 2019-2025

Report of task force on National Infrastructure on Pipeline 2019-2025

To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion i.e., Rs. 100 lakh crore over these years on infrastructure. In the past decade i.e., FY 2008-17  India has invested about $1.1 trillion on infrastructure. The challenge is to step-up an annual infrastructure investment so that lack of infrastructure does not become a binding constraint on the growth of the Indian economy. The Union Finance Minister Smt. Nirmala Sitharaman made a brief statement on the contents of the National Infrastructure Pipeline at a Press Conference on 31st December 2019. She indicated that Government will examine the recommendations of the Task Force and take action early.

Rs.100 lakh crore would be invested on infrastructure over the next 5 years including social and economic infrastructure projects. To achieve this objective, a Task Force was constituted to draw up the National Infrastructure Pipeline (NIP) for each of the years from FY 2019-20 to FY 2024-25 with the approval of the Finance Minister. The Task Force is chaired by Secretary, DEA with CEO (NITI Aayog), Secretary (Expenditure), Secretary of the Administrative Ministries, and Additional Secretary (Investments), DEA as members and Joint Secretary (IPF), DEA as Member Secretary.

The 1st meeting of the Task Force was held in September 2019. Also, several meetings were held with various Departments or Ministries engaged in infrastructure development, Corporates engaged in infrastructure development & construction, Banks/Financial Institutions, Private Equity funds, and Industry Associations, including CII, FICCI & ASSOCHAM, to seek information as well as suggestions on reforms required in infrastructure sectors.

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