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TMI BlogFinance Minister Smt Nirmala Sitharaman releases Report of the Task Force on National Infrastructure Pipeline for 2019-2025X X X X Extracts X X X X X X X X Extracts X X X X ..... Finance Minister Smt Nirmala Sitharaman releases Report of the Task Force on National Infrastructure Pipeline for 2019-2025 - News and Press Release Dated:- 31-12-2019 - News - To achieve the GDP of $5 trillion by 2024-25, India needs to spend about $1.4 trillion (₹ 100 lakh crore) over these years on infrastructure. In the past decade (FY 2008-17), India invested about $1.1 trillion on infrastructure. The challenge is to step-up annual infrastructure investment so that lack of infrastructure does not become a binding constraint on the growth of the Indian economy. The Union Finance Minister Smt. Nirmala Sitharaman made a brief statement on the contents of the National Infrastructure Pipeline at a Press Conference here today. She ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... indicated that Government will examine the recommendations of the Task Force and take action early. Hon ble Prime Minister in his Independence Day-2019 speech highlighted that ₹ 100 lakh crore would be invested on infrastructure over the next five years including social and economic infrastructure projects. To achieve this objective, a Task Force was constituted to draw up the National Infrastructure Pipeline (NIP) for each of the years from FY 2019-20 to FY 2024-25 with the approval of the Finance Minister. The Task Force is chaired by Secretary, DEA with CEO (NITI Aayog), Secretary (Expenditure), Secretary of the Administrative Ministries, and Additional Secretary (Investments), DEA as members and Joint Secretary ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (IPF), DEA as Member Secretary. The first meeting of the Task Force was held in September 2019. Subsequently, several meetings were held with various Departments/Ministries engaged in infrastructure development, Corporates engaged in infrastructure development construction, Banks/Financial Institutions, Private Equity funds, and Industry Associations, including CII, FICCI ASSOCHAM, to seek information as well as suggestions on reforms required in infrastructure sectors. This exercise, the first of its kind, is expected to be followed up by a periodical review process. NIP will enable a forward outlook on infrastructure projects which will create jobs, improve ease of living, and provide equitable access to infrastructu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re for all, thereby making growth more inclusive. NIP includes economic and social infrastructure projects. On the basis of the information compiled as on date, total project capital expenditure in infrastructure sectors in India during the fiscals 2020 to 2025 is projected at over ₹ 102 lakh crore. During the fiscals 2020 to 2025, sectors such as Energy (24%), Roads (19%), Urban (16%), and Railways (13%) amount to around 70% of the projected capital expenditure in infrastructure in India. The detailed sector wise break of the pipeline is as follows: inistry/ Department FY 20-25 Energy ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Power 1175995 Renewable Energy 929500 Atomic Energy 154088 Petroleum and Natural Gas 194666 Total Energy 2,454,249 Roads Roads 1,963,943 Total Roads 1,963,943 Railways Railways 1,368,52 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 3 Total Railways 1,368,523 Ports Ports 100,923 Total Ports 100,923 Airports Airports 143,398 Total Airports 143,398 Urban AMRUT, SMART Cities, MRTS, Affordable Housing, Jal Jeevan Mission 1,629,012 Total Ur ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ban 1,629,012 Telecommunication Telecommunication 320,498 Total Telecommunications 320,498 Irrigation Irrigation 772,678 Total Irrigation 772,678 Rural Infrastructure Rural Infrastructure 410,955 Water and Sanitation ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 361,810 Total Rural Infrastructure 772,765 Agriculture and Food Processing Infrastructure Agriculture Infrastructure 54,298 Food Processing Industries 1,255 Food and Public Distribution 5,000 Total Agriculture and Food Processing Infrastructure 60,553 Social Infrastructure Higher Education ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 118,348 School Education 37,791 Health and Family Welfare 168,622 Sports 7,618 Tourism 24,321 Total Social Infrastructure 356,701 Industrial Infrastructure Industries and Internal Trade 299,237 Steel 8,225 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Total Industrial Infrastructure 307,462 TOTAL (Rs. Crore) 10,250,704 Out of the total expected capital expenditure of ₹ 102 lakh crore, projects worth ₹ 42.7 lakh crore (42%) are under implementation, projects worth ₹ 32.7 lakh crore (32%) are in conceptualization stage and rest are under development. It is expected that projects of certain states, who are yet to communicate their pipelines, would be added to the pipeline in due course. The Task Force in its detailed report has given recommendations on changes required to several key sectoral policies and other reform initiatives to be in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... itiated by Central and State Governments. A monitoring mechanism has also been suggested to ensure timely implementation. A copy of Report of Task force is attached here - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... 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