FM: Rs 102 lakh cr infra projects for next 5 yrs

December 31, 2019 15:43

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.

"In line with announcements made by PM Narendra Modi in his Independence Day 2019 speech, the Centre will make infrastructure investment worth Rs 100 lakh crore for the next five years.

"A task force was formed to identify the projects and today the task force has identified Rs 102 lakh crore worth of projects, after conducting 70 stakeholder consultations in a short period of four months.

"The National Infrastructure Pipeline (NIP) Coordination Mechanism will be launched, comprising the Centre, states and private sector, for detailed planning, information dissemination and monitoring implementation of the NIP framework. An annual global investors meet will be organised in the second half of 2020," she said.

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