Saturday, July 2nd, 2022

Rs. 44 Lakh Cr Worth Projects Under NIP

Infrastructure projects worth Rs. 44 lakh crore are under implementation as part of the Rs. 111 lakh crore National Infrastructure Pipeline (NIP). 

Under the programme, investments worth Rs. 25 lakh crore are envisaged in the energy sector; Rs. 20 lakh crore in the highways sector; Rs. 16 lakh crore in irrigation, rural agriculture and food processing; Rs. 16 lakh crore each in mobility and railways; and Rs. 14 lakh crore on digital infra, among others. 

The highway sector has huge potential and the toll income was slated to reach Rs. one lakh crore in five years from Rs. 34,000 crore in 2020. The sector holds lucrative investment opportunities given 100 per cent FDI permitted in the sector.

The government has set an investments target to the tune of Rs. 15 lakh crore for the sector for the next two-three years. 

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