The government has constituted a task force for drawing up National Infrastructure Pipeline of Rs 100 lakh crore from the fiscal year 2019-20 to 2024-25.
The Task Force headed by Economic Affairs Secretary will identify technically feasible and economically viable infrastructure projects that can be initiated in the current fiscal. It will also work on listing the projects that can be included in the pipeline for each of the remaining 5 years. Besides, the Task Force will estimate annual infrastructure investment costs and guide the Ministries in identifying appropriate sources of financing. It will also suggest measures to monitor the projects so that cost and time overrun is minimized.
The National Infrastructure Pipeline would include greenfield and brownfield projects costing above 100 crore rupees. It also enables robust marketing of the pipeline of projects requiring private investment through the India Investment Grid and National Investment & Infrastructure Fund
The Task Force will submit its Report on Pipeline by 31st of October for the fiscal year 2019-20 and on the indicative pipeline for fiscal years 2021- 25 by 31st of December this year. It has been set up to make the country 5 trillion dollar economy by 2024-25 for which India needs to spend about 100 lakh crore rupees over these years on infrastructure.
Earlier, Prime Minister Narendra Modi in his Independence Day speech highlighted that 100 lakh crore rupees would be invested in infrastructure over the next five years. Infrastructure projects will include social and economic infrastructure projects.