Advertisement
Saturday, Oct 16, 2021
Outlook.com
Outlook.com

Finance Minister Unveils Infra Projects Worth Rs 102 Lakh Crore For Next 5 Years

The government said the projects identified are in sectors such as power, railways, urban irrigation, mobility, education and health.

Finance Minister Unveils Infra Projects Worth Rs 102 Lakh Crore For Next 5 Years
Finance Minister Nirmala Sitharaman | ANI/ Twitter
Finance Minister Unveils Infra Projects Worth Rs 102 Lakh Crore For Next 5 Years
outlookindia.com
2019-12-31T15:53:34+05:30

Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 lakh crore of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infrastructure sector.

Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 lakh crore in infrastructure.

Subsequently, a task force identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, she said.

The minister said another Rs 3 lakh crore of projects are likely to be added to this pipeline.

These projects are on top of Rs 51 lakh crore spent by the Centre and the states during the last six years, she said adding the new pipeline consists of 39 per cent projects each by the Centre and states and the balance by 22 per cent by the private sector.

She said the projects identified are in sectors such as power, railways, urban irrigation, mobility, education and health.

Nearly Rs 25 lakh crore energy projects have been lined up, the minister said, adding that another Rs 20 lakh crore in road and nearly Rs 14 lakh crore railway projects have been lined up.

She said the projects in power including renewable sector, railways, urban development, irrigation, mobility, education, health, water and digital.

These sectors will form the bulk of the infrastructure investment under National Infrastructure Pipeline being announced on Tuesday, Sitharaman said.

The finance minister said Rs 102 lakh crore National Infrastructure Projects will help make India a USD 5 trillion economy by 2025.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Kashmir Minority Killings A Throwback To The Terrifying 90s

Kashmir Minority Killings A Throwback To The Terrifying 90s

Outwardly peaceful, Kashmir has seen a spate of civilian killings in recent weeks. A silent unease has now exploded into fear and concern after the shooting of minorities.

'I Am A Full-Time And Hands On President': Sonia Gandhi To 'G-23' At CWC Meet

'I Am A Full-Time And Hands On President': Sonia Gandhi To 'G-23' At CWC Meet

She also asserted that every member of the party wants a revival of the Congress, but that requires unity and keeping the party's interests paramount.

CSK's IPL 2021 Title Win Shows 'Experience Is Important': Fleming

CSK's IPL 2021 Title Win Shows 'Experience Is Important': Fleming

CSK captain Dhoni is 40. And his team heavily relies on veterans like Faf u Plessis, Dwayne Bravo, Ambati Rayudu, Robin Uthappa, Moeen Ali, Suresh Raina.

Singhu Border Lynching: BJP Says ‘Anarchists’ Behind Farmer Protests Need To Be Exposed

Singhu Border Lynching: BJP Says ‘Anarchists’ Behind Farmer Protests Need To Be Exposed

BJP's IT cell chief Amit Malviya said ‘anarchists behind these protests in the name of farmers need to be exposed’.

Advertisement