Union Minister for Finance & Corporate Affairs Nirmala Sitharaman inaugurated the National Infrastructure Pipeline (NIP) Online Dashboard on 10 August 2020.
The online dashboard is envisaged as a one-stop solution for all stakeholders looking for information on infrastructure projects in New India.
The dashboard is being hosted on the India Investment Grid (IIG). IIG is an interactive and dynamic online platform that showcases updated and real-time investment opportunities in the country.
NIP will provide a boost to the vision of an Aatmanirbhar Bharat. The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for public-private partnership (PPP) projects.
Developed and managed by Invest India, the National Investment Promotion and Facilitation Agency, IIG serves as the gateway to investments in India, and is widely used by Indian missions and embassies across the world.
IIG allows investors to search a pan-India database for investment opportunities across sectors; track the progress of preferred projects and indicate interest; and directly communicate with project promoters.
The Union Finance Minister has announced an outlay of Rs 100 lakh crore for infrastructure projects over the next five years in the Budget 2019-20.
In furtherance to this, a high level Task Force submitted a final report on NIP with projected infrastructure investment of Rs 111 lakh crore during FY20-25.
NIP is a first-of-its-kind initiative to provide world-class infrastructure across the country and improve the quality of life for all citizens. NIP will improve project preparation, attract investments both domestic and foreign into infrastructure, and will be crucial for attaining the target of becoming $5 trillion economy by FY25.
It covers both economic and social infrastructure projects, based on the updated Harmonised Master List of Infrastructure.
Out of the total expected capital expenditure of Rs 111 lakh crore, projects worth Rs 44 lakh crore (40 percent) are under implementation, projects worth Rs 33 lakh crore (30 percent) are at conceptual stage, projects worth Rs 22 lakh crore (20 percent) are under development (project identified and DPR prepared, but yet to drawdown funds) and the balance projects worth Rs 11 lakh crore (10 perecnt) are unclassified.
The entire reach of projects will now be hosted on IIG to provide visibility to NIP and attract investments from global & domestic investors.
The NIP project database under Volume III of the Final Report of the NIP Task Force is made available on IIG in order to provide access to updated project level information for investments across infrastructure sectors.
The digital platform will provide greater visibility to projects and also achieve mandate of the NIP to market the projects in an efficient manner. The NIP project database hosted on IIG willprovide visibility to NIP and help in financing with prospective investors; domestic and foreign, able to access updated project level information.
In addition, it is also a monitoring and evaluation tool to be used by the concerned ministries/departments and DEA to monitor implementation and actual progress vis-à-vis initial estimates of NIP for each and every project.