Amid India aims to become a $5 trillion economy, the government has constituted a high-level task force, headed by Department of Economic Affairs (DEA) Secretary Atanu Chakraborty, to identify infrastructure projects for Rs 100 trillion investment by 2024-25. The task force will draw up a 'National Infrastructure Pipeline' of Rs 100 trillion. This will include greenfield and brownfield projects costing above Rs 100 crore each. The task force will submit its report on the pipeline for 2019-20 by October 31, 2019 and on the indicative pipeline for 2021-25 by December-end.
The task force will comprise secretaries from different ministries, other senior officials and Niti Aayog CEO. It will identify technically feasible and financially/ economically viable infrastructure projects that can be initiated in 2019-20. Further, it has been asked to list the projects that can be included in the pipeline for each of the remaining five years between fiscals 2021-25.
The task force will also enable robust marketing of the pipeline of projects requiring private investment through the India Investment Grid (IIG) and National Investment and Infrastructure Fund (NIIF), among others. Besides, Prime Minister Narendra Modi in his Independence Day speech had said that Rs 100 trillion would be invested on infrastructure over the next five years. These will include social and economic infrastructure projects.