Working towards Prime Minister (PM) Narendra Modi’s stated target of investing Rs 100 lakh crore investment in infrastructure over the next five years, the Ministry of Finance has setup a task force to streamline the projects under the plan.
The National Infrastructure Pipeline (NIP) will be guided by the task force consisting of six members and led by the Secretary of the Department of Economic Affairs. NITI Aayog CEO or a nominee by him/her will also be part of the task force.
The National Infrastructure Pipeline would include greenfield and brownfield projects costing above Rs 100 crore each. Each ministry or department would be responsible for monitoring of projects so as to ensure their timely and within-cost implementation.
The terms of reference of the task force for FY20 have also been notified and it will submit its first report on the NIP by 31 October, 2019. Another report on the indicative pipelines for financial years 21-25 will also be submitted by the committee by 31 December 2019.
The task force will also enable robust marketing of the pipeline of projects requiring private investment through the India Investment Grid (IIG), National Investment & Infrastructure Fund (NIIF), etc.