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.
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