The National Infrastructure Pipeline (NIP) is a group of social and economic infrastructure projects in India over a period of five years with an initial sanctioned amount of . The pipeline was first made public by the
Prime Minister of India
The prime minister of India (IAST: ) is the head of government of the Republic of India. Executive authority is vested in the prime minister and their chosen Council of Ministers, despite the president of India being the nominal head of the ...
Narendra Modi during his 2019
Independence Day
An independence day is an annual event commemorating the anniversary of a nation's independence or statehood, usually after ceasing to be a group or part of another nation or state, or more rarely after the end of a military occupation. Man ...
speech.
Real time data and details related to NIP can be found online at the India Investment Grid website which was launched in August 2020.
Task force report
The task force headed by Atanu Chakraborty, the economic affairs secretary in the finance ministry, on National Infrastructure Pipeline, in May 2020, submitted its final report to the
Finance Minister. Important recommendations and observations made:
* Investment needed: over the next five years (2020-2025) to build infrastructure projects and drive economic growth.
* Energy, roads,
railways
Rail transport (also known as train transport) is a means of transport that transfers passengers and goods on wheeled vehicles running on rails, which are incorporated in tracks. In contrast to road transport, where the vehicles run on a pre ...
and urban projects are estimated to account for the bulk of projects (around 70%).
* The
Centre (39 percent) and
state (40 percent) are expected to have an almost equal share in implementing the projects, while the private sector has 21 percent share. Aggressive push towards asset sales.
* Monetisation of infrastructure assets. Setting up of development finance institutions.
* Strengthening the municipal bond market.
The task force has recommended setting up of the following three committees: Committee to monitor NIP progress and eliminate delays. Steering Committee at each Infrastructure ministry level to follow up on the implementation process. Steering Committee in DEA for raising financial resources for the NIP.
India Investment Grid
In August 2020, the
Union Minister for Finance and Corporate Affairs launched the India Investment Grid website which provides "''Information on large-scale government infrastructure projects as an aid to investors, lenders and companies bidding for work. The grid is designed to give real-time updates on the implementation of the National Infrastructure Pipeline (NIP).''"
National Monetisation Pipeline
National Monetisation Pipeline (NMP) is Government of India's monetisation framework for
Government assets including roadways, railways and airports, power transmission lines, energy and renewable energy related assets, warehousing and sport-related assets.
Further reading
National Infrastructure Pipeline (Vol 1) Report of the Task Force, Department of Economic Affairs,
Ministry of Finance, Government of India.
*
KPMG
KPMG International Limited (or simply KPMG) is a multinational professional services network, and one of the Big Four accounting organizations.
Headquartered in Amstelveen, Netherlands, although incorporated in London, England, KPMG is a net ...
(25 August 2020)
Catalysing the National Infrastructure Pipeline: Project India.
* Rouhin Deb (22 September 2020)
National Infrastructure Pipeline: The great Indian dream Observer Research Foundation.
References
{{Energy Ministries and Departments of India
Modi administration initiatives
Proposed infrastructure in India