Nirmala Sitharaman inaugurated Online Dashboard for the National Infrastructure Pipeline!
Ms. Nirmala Sitharaman who is the Union Minister for Finance and Corporate Affairs launched the NIP i.e. National Infrastructure Pipeline Online Dashboard through video conferencing today.
The online dashboard is predicted to be a one-stop destination for all stakeholders looking for information that is related to infrastructure projects in the New India. IIG i.e. India Investment Grid will be hosting the dashboard (www.indiainvestmentgrid.gov.in). India Investment Grid is believed to be a dynamic and interactive online platform that portrays the updated & real-time investment opportunities that are available in the nation.
The launching event was enriched by the presence of the members of the High-Level Task Force on Infrastructure and Secretaries of different government departments and ministries.
While the Finance Minister was addressing the people about the dashboard, she said, “NIP will provide a boost to the vision of an Aatma Nirbhar Bharat. The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for PPP projects. This is a great step in the direction of implementing NIP- giving a fillip to infrastructure development in the country”.
India Investment Grid said to be an interactive and dynamic online platform where the best investment opportunities in the country are showcased to the global investor community. The National Investment Promotion and Facilitation Agency which is managed and even developed Invest India, India Investment Grid serves as the gateway to investments in the country and it is also widely used by Indian embassies and missions all across the globe. These are the following things IIG allows the investors to do:
- Searching a pan-India database for investment opportunities across various sectors
- Tracking the progress of preferred projects and indication of interest
- Direct communication with the project promoters
Ms. Nirmala Sitharaman while giving the budget speech of 2019-2020, announced an outlay of Rupees one hundred lakh crore i.e. 1.41 trillion US dollars for infrastructure projects for the upcoming five years. After the budget announcement by the Finance Minister, Hon’ble Prime Minister Mr. Narendra Modi gave an Independence Day speech, wherein he emphasized that “For the development of modern infrastructure, a number of Rupees one hundred lakh crore (i.e. 1.41 trillion US dollars) has been earmarked for this period which will create new job opportunities besides improving the living standards”.
After all of this, a high-level Task Force submitted a final report on the National Infrastructure Pipeline with projected infrastructure investment of Rupees One hundred and eleven lakh crore i.e. 1.57 trillion US dollars during FY 2020-25.
National Infrastructure Pipeline is a first-of-its-kind initiative to provide world-class infrastructure across the nation and offer improvement in the quality of life for every citizen. Project preparation will be improved by the NIP, and it will also attract investments (both domestic & foreign) into infrastructure and will be important for achieving the target of becoming a 5 trillion US dollar economy by FY 2025. Both social and economic infrastructure projects will be covered by NIP and that will be based on the updated Harmonized Master List of Infrastructure.