The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of . The pipeline was first made public by the
Prime Minister of India
The prime minister of India (ISO 15919, ISO: ) is the head of government of the Republic of India. Executive authority is vested in the prime minister and his chosen Union Council of Ministers, Council of Ministers, despite the president of ...
Narendra Modi
Narendra Damodardas Modi (born 17 September 1950) is an Indian politician who has served as the Prime Minister of India, prime minister of India since 2014. Modi was the chief minister of Gujarat from 2001 to 2014 and is the Member of Par ...
during his 2019
Independence Day
An independence day is an annual event memorialization, commemorating the anniversary of a nation's independence or Sovereign state, statehood, usually after ceasing to be a group or part of another nation or state, or after the end of a milit ...
speech.
Real time data and details related to NIP can be found online at the India Investment Grid website which was launched in August 2020.
Task force report
The task force headed by Atanu Chakraborty, the economic affairs secretary in the finance ministry, on National Infrastructure Pipeline, in May 2020, submitted its final report to the
Finance Minister
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfoli ...
. Important recommendations and observations made:
* Investment needed: over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
* Energy, roads,
railways
Rail transport (also known as train transport) is a means of transport using wheeled vehicles running in tracks, which usually consist of two parallel steel rails. Rail transport is one of the two primary means of land transport, next to roa ...
and urban projects are estimated to account for the bulk of projects (around 70%).
* The
Centre
Center or centre may refer to:
Mathematics
*Center (geometry), the middle of an object
* Center (algebra), used in various contexts
** Center (group theory)
** Center (ring theory)
* Graph center, the set of all vertices of minimum eccentricity ...
(39 percent) and
state
State most commonly refers to:
* State (polity), a centralized political organization that regulates law and society within a territory
**Sovereign state, a sovereign polity in international law, commonly referred to as a country
**Nation state, a ...
(40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share. Aggressive push towards asset sales.
* Monetisation of infrastructure assets. Setting up of development finance institutions.
* Strengthening the municipal bond market.
The task force has recommended setting up of the following three committees: Committee to monitor NIP progress and eliminate delays. Steering Committee at each Infrastructure ministry level to follow up on the implementation process. Steering Committee in DEA for raising financial resources for the NIP.
India Investment Grid
In August 2020, the
Union Minister for Finance and Corporate Affairs launched the India Investment Grid website which provides "''Information on large-scale government infrastructure projects as an aid to investors, lenders and companies bidding for work. The grid is designed to give real-time updates on the implementation of the National Infrastructure Pipeline (NIP).''"
National Monetisation Pipeline
National Monetisation Pipeline (NMP) is Government of India's monetisation framework for
Government assets including roadways, railways and airports, power transmission lines, energy and renewable energy related assets, warehousing and sport-related assets.
Further reading
National Infrastructure Pipeline (Vol 1) Report of the Task Force, Department of Economic Affairs,
Ministry of Finance
A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position .
A ministry of finance's portfoli ...
, Government of India.
*
KPMG
KPMG is a multinational professional services network, based in London, United Kingdom. As one of the Big Four accounting firms, along with Ernst & Young (EY), Deloitte, and PwC. KPMG is a network of firms in 145 countries with 275,288 emplo ...
(25 August 2020)
Catalysing the National Infrastructure Pipeline: Project India.
* Rouhin Deb (22 September 2020)
National Infrastructure Pipeline: The great Indian dream Observer Research Foundation
Observer Research Foundation (ORF) is an independent global think tank based in Delhi, India. The foundation has three centres in Mumbai, Chennai and Kolkata. ORF provides potentially viable inputs for policy and decision-makers in the Indian ...
.
References
{{Energy Ministries and Departments of India
Modi administration initiatives
Proposed infrastructure in India