Projects worth Rs 44 lakh- crore under implementation under National Infra Pipeline.
According to Union Road Transport Minister Nitin Gadkari, India holds huge investment opportunities especially in its vibrant infrastructure sector where projects worth Rs 44 lakh crore are under implementation as part of the Rs 111 lakh crore National Infrastructure Pipeline (NIP),According to Gadkari, the focus was being laid on developing a world-class infrastructure under the NIP, which is a first-of-its-kind exercise to bolster development. He also termed the infrastructure sector as the "backbone of the economy" while addressing a roundtable on 'Investment into Roads, Ports, and Highways, Waterways', organized by the industry body CII.
"National Infrastructure Pipeline envisages Rs 111 lakh- crore investment on infrastructure projects by 2024-25... Of the Rs 111 lakh crore, projects worth Rs 44 lakh crore accounting for 40 percent are under implementation... (and) projects worth Rs 22 lakh crore that account for 20 percent of NIP are under development stages," the minister said.
Gadkari also said the infrastructure sector is critical for propelling India's growth and enjoys the intense focus of the government.
The framework of NIP includes 39 percent investment by the Centre, 40 percent by states, and 21 percent by the private sector, he added.
The minister said that under the program, 25 lakh- crore worth of investments are envisaged in the energy sector, 20 lakh- crore in the highways sector, Rs 16 lakh- crore in irrigation, rural agriculture and food processing, Rs 16 lakh- crore each in mobility and railways and Rs 14 lakh crore on digital infra among others.
Talking about the highways sector, Gadkari said it has huge potential and the toll income was slated to reach Rs 1 lakh crore in five years from Rs 34,000 crore this year and added that it holds lucrative investment opportunities given 100 percent FDI permitted in the sector.
He said that the government has ensured minimizing risk to the private sector through various policy initiatives and has introduced low-risk models like the hybrid annuity model for the sector.
The minister said that a target of investments to the tune of Rs 15 lakh- crore has been set for the sector for the next two-three years.
The Rs 1 lakh- crore Delhi-Mumbai express corridor spanning 1,300 km is likely to be completed in the next two years with 50 percent of the project already completed, while two more express highway projects worth Rs 65,00 Crore will be launched in the next month, he said.
Talking about the MSME sector, the minister said it has a big role in redefining the Indian economy and the target is to take exports to 60 percent from 48 percent at present.
He said 5 crore new jobs were planned in the sector in the next five years while 11 crore jobs have already been created.
Terming India as a global destination for investments, he said focus was also on ethanol production to help farmers
According to Union Road Transport Minister Nitin Gadkari, India holds huge investment opportunities especially in its vibrant infrastructure sector where projects worth Rs 44 lakh crore are under implementation as part of the Rs 111 lakh crore National Infrastructure Pipeline (NIP),
According to Gadkari, the focus was being laid on developing a world-class infrastructure under the NIP, which is a first-of-its-kind exercise to bolster development.
He also termed the infrastructure sector as the "backbone of the economy" while addressing a roundtable on 'Investment into Roads, Ports, and Highways, Waterways', organized by the industry body CII.
"National Infrastructure Pipeline envisages Rs 111 lakh- crore investment on infrastructure projects by 2024-25... Of the Rs 111 lakh crore, projects worth Rs 44 lakh crore accounting for 40 percent are under implementation... (and) projects worth Rs 22 lakh crore that account for 20 percent of NIP are under development stages," the minister said.
Gadkari also said the infrastructure sector is critical for propelling India's growth and enjoys the intense focus of the government.
The framework of NIP includes 39 percent investment by the Centre, 40 percent by states, and 21 percent by the private sector, he added.
The minister said that under the program, 25 lakh- crore worth of investments are envisaged in the energy sector, 20 lakh- crore in the highways sector, Rs 16 lakh- crore in irrigation, rural agriculture and food processing, Rs 16 lakh- crore each in mobility and railways and Rs 14 lakh crore on digital infra among others.
Talking about the highways sector, Gadkari said it has huge potential and the toll income was slated to reach Rs 1 lakh crore in five years from Rs 34,000 crore this year and added that it holds lucrative investment opportunities given 100 percent FDI permitted in the sector.
He said that the government has ensured minimizing risk to the private sector through various policy initiatives and has introduced low-risk models like the hybrid annuity model for the sector.
The minister said that a target of investments to the tune of Rs 15 lakh- crore has been set for the sector for the next two-three years.
The Rs 1 lakh- crore Delhi-Mumbai express corridor spanning 1,300 km is likely to be completed in the next two years with 50 percent of the project already completed, while two more express highway projects worth Rs 65,00 Crore will be launched in the next month, he said.
Talking about the MSME sector, the minister said it has a big role in redefining the Indian economy and the target is to take exports to 60 percent from 48 percent at present.
He said 5 crore new jobs were planned in the sector in the next five years while 11 crore jobs have already been created.
Terming India as a global destination for investments, he said focus was also on ethanol production to help farmers
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01-2026
