National Infrastructure Pipeline dashboard to showcase real-time investment opportunities
The NIP online dashboard covers both economic and social infrastructure projects
The National Infrastructure Pipeline (NIP) online dashboard, an interactive and dynamic online platform that showcases updated and real-time investment opportunities in the country, was inaugurated on Monday.
To be hosted on the India Investment Grid, the platform is envisaged as a one-stop solution for all stakeholders looking for information on infrastructure projects in India, said a report in The Economic times.
The report quoted Union Finance Minister Nirmala Sitharaman, who inaugurated the dashboard, saying in a statement that NIP will provide a boost to the vision of an Atmanirbhar Bharat (self-reliant India).
The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for PPP projects, Sitharaman said. “This is a great step in the direction of implementing NIP-giving a fillip to infrastructure development in the country,” she said, according to The Economic Times report.
NIP covers both economic and social infrastructure projects. It will improve project preparation, attract domestic and foreign investments into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY2025, the report said.
The finance minister in the budget speech of 2019-20 had announced an outlay of Rs 100 lakh crore for infrastructure projects over the next 5 years. According to the report, a high-level task force had also submitted a final report on the NIP with the project infrastructure investment of Rs 111 lakh crore during FY2020-25.