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| FM Sitharaman unveils Rs 102-trillion infrastructure plan to boost growth | Writer | Admin | |||
|---|---|---|---|---|---|
Finance Minister Nirmala Sitharaman on Tuesday launched a National Infrastructure Pipeline (NIP), unveiling projects worth Rs 102 trillion, to boost economic growth and help the economy reach the $5-trillion target by 2024-25.
The NIP has identified projects across 23
sectors and 18 states and Union Territories, which will be funded over the next
five years by the central and state governments as well as the private sector.
Addressing
a press conference while launching the NIP report, Sitharaman said that of the
proposed projects, 39 per cent each would be implemented by the Centre and
states, and the rest 22 per cent by private players.
She
said the government was expecting the private sector’s share to go up to 30 per
cent by 2024-25, and added that some additional projects worth Rs 3 trillion
would be identified in the coming weeks, taking the total commitment to Rs 105
trillion.
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