“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,” Sitharaman was quoted as saying in a statement. “This is a great step in the direction of implementing NIP- giving a fillip to infrastructure development in the country,” she added.
In the budget speech of 2019-2020, Sitharaman announced an outlay of Rs 100 lakh crore for infrastructure projects over the next 5 years. A high level task force submitted a final report on the NIP with projected infrastructure investment of Rs 111 lakh crore during FY2020-25.
NIP, which covers both economic and social infrastructure projects, will improve project preparation, attract investments (both domestic & foreign) into infrastructure, and will be crucial for attaining the target of becoming a $5 trillion economy by FY 2025, the statement said.