Massive increase in capital expenditure by both union and state government, recycling of public assets, leveraging the institutional framework of the proposed Development Finance Institution (DFI), incentivising private capital inflow and deepening bond markets will serve as the major sources of funding the ₹110 lakh crore national infrastructure pipeline (NIP), Union Expenditure Secretary Dr T.V Somanthan said on Tuesday (Feb 23).
Addressing a webinar on ‘Funding The National Infrastructure Pipeline”, jointly organised by Swarajya Magazine and Construction World as part of Infra-Nirbhar series, Dr.Somanathan said that the impressive capex allocation of ₹ 5.5 lakh crores in FY22 budget (representing an impressive 35% growth over the allocation in FY21) is a clearest signal that the Union government is willing to do the heavy lifting on its part to fund the NIP pipeline.
An Appeal...
Dear Reader,
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.