National Infrastructure Pipeline
The National Infrastructure Pipeline is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of. The pipeline was first made public by the Prime Minister of India Narendra Modi during his 2019 Independence Day speech.
Real time data and details related to NIP can be found online at the India Investment Grid website which was launched in August 2020.
Task force report
The task force headed by Atanu Chakraborty, the economic affairs secretary in the finance ministry, on National Infrastructure Pipeline, in May 2020, submitted its final report to the Finance Minister. Important recommendations and observations made:- Investment needed: over the next five years to build infrastructure projects and drive economic growth.
- Energy, roads, railways and urban projects are estimated to account for the bulk of projects.
- The Centre and state are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share. Aggressive push towards asset sales.
- Monetisation of infrastructure assets. Setting up of development finance institutions.
- Strengthening the municipal bond market.