National Infrastructure Pipeline (NIP) Online Dashboard has been inaugurated by Nirmala Sitharaman

The National Infrastructure Pipeline (NIP) Online Dashboard has been inaugurated by the Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman. The newly launched platform “NIP” will act as one stop solution for all stakeholders seeking for information on infrastructure projects in New India. The platform is being considered a step towards the vision of an Aatma Nirbhar Bharat. It will attract investors for PPP projects and also ensure easy accessibility to updated project information.

Highlights

• The Finance Minister had announced an outlay of Rs 100 lakh crore for infrastructure projects in the country for the next 5 years in her Budget Speech 2019-20.
• The dashboard is to be hosted by India Investment Grid (IIG).
• IIG is a dynamic online platform that showcases real time investment opportunities in the country.
• The National Infrastructure Pipeline will provide boost to Atma Nirbhar Bharat Abhiyan.
• The availability of infrastructure project information will ensure easy accessibility of updated project information and also will attract investors for PPP projects.
• The NIP is first of its kind initiative.
• The NIP will help to attract investment into infrastructure and also will help achieve the target of India becoming a 5 trillion USD economy.

National Infrastructure Pipeline

• The National Infrastructure Pipeline was launched for the year 2019-25. The main aim of NIP is to provide ease of living.
• This is to be achieved by providing safe drinking water, access to clean and affordable energy, modern railway stations, health care for all, bus terminals, airports and world class educational institutes.
• The NIP is being launched with an outlook that it will create jobs, provide equitable access to infrastructure to all and improve ease of living.
• This will help to make growth more inclusive. Under the NIP, sectors such as Roads (19%), Energy (24%), Urban (16%) and Railways (13%) are to amount to 70% of capital expenditure in infrastructure in India between 2020 and 2025.
• The plan is to invest more than Rs 102 lakh cores on infrastructure projects by 2024-25.
• Of these, the centre, state and private sector are to share the capital expenditure in the formula of 39:39:22.

UPSC