National infrastructure pipeline: infrastructure projects worth Rs 44 million lakh under execution; details here

Recently, Union Minister Nitin Gadkari said that there are huge investment opportunities for India, especially in its vibrant infrastructure sector, where projects worth Rs 44 lakh crore are being implemented as part of the National Infrastructure Canal ( PIN) of Rs 111 lakh crore. The minister was quoted in a PTI report as saying that NIP anticipates an investment of Rs 111 lakh crore in infrastructure projects by the year 2024-25. Currently, projects worth Rs 44 lakh crore of Rs 111 lakh crore, representing 40%, are under execution and projects worth Rs 22 lakh crore representing 20% ​​of NIP are in stages of development. Gadkari further said that the NIP framework includes 39% investment from the central government, 40% investment from the states and 21% from the private sector.

Under the program, investments of Rs 25 lakh crore are foreseen in the energy sector, Rs 16 lakh crore is foreseen in irrigation, rural agriculture and food processing, 20 lakh crore is foreseen in the road sector, Rs 16 lakh crore each in mobility and railways and an investment of 14 rupees lakh crore is expected in digital infrastructure, among others, the minister said. According to Gadkari, the road sector has enormous potential and in five years toll revenues were forecast to reach an amount of Rs 1 lakh crore from Rs 34,000 crore this year. He also said that it offers lucrative investment opportunities given the 100% FDI allowed in the sector. The Modi government has made sure to minimize risk to the private sector through various policy initiatives, as well as introducing low-risk models such as the hybrid annuity model for the sector, he said.

For the sector, an investment target of 15 lakh crore rupees has been set for the next 2-3 years, Gadkari said. The Delhi-Mumbai express corridor, worth Rs 1 lakh crore, covering a distance of 1,300 km, is expected to be completed in the next two years with 50% of the project already completed. While in the next month, two more highway projects will be launched, worth Rs 65,000 crore, he said.

The minister, speaking of the MSME sector, said that it has an important role in redefining the country’s economy and, currently, the goal is to bring exports from 48% to 60%. In the next five years, 5 million new jobs were planned in the sector, while so far, 11 million jobs have already been created.