With an aim to attract more investments into the infrastructure sector, the government think tank NITI Aayog will identify and prepare a list of ten big infrastructure projects across sectors which can be developed through the public private partnership (PPP) mode. The list would be prepared after taking into consideration the details of such big projects that would be provided by the states in the coming weeks.
NITI Aayog will select ten projects on priority basis and will provide its expertise in advising the states on developing infrastructure, mainly big projects. This will also help in streamlining the process and ensure timely completion of big projects. A list of big projects would help in extending all possible developmental support to the states concerned on a priority basis. The specific sectors where such projects can be pursued would be decided after collating information from the states.
In the Union Budget 2017-18, the government has allocated Rs 3.95 lakh crore for infrastructure development. Finance Minister Arun Jaitley in his Budget speech had said that the magnitude of investment in the space is bound to spur growth. He also said that infrastructure is the thrust area of the government for efficiency, productivity and quality of life and approach was to spend more on infrastructure development.