Profile
Settings
Refer your friends
Sign out
The National Infrastructure Pipeline project was introduced on Independence Day in a speech by Mr Narendra Modi. The National Infrastructure Pipeline project is a group of social and economic projects sanctioned for 102 lakh rupees. An unusual rise in the price in all sectors has been witnessed in the economy. The National Infrastructure Pipeline(NIP) is the mega push by the government of India as they invested 102 lakh in infrastructure projects.
What Is the National Infrastructure Pipeline Project?
It is an initiative run by the government of India to provide world-class infrastructure. It increased the overall lifestyle of Indian citizens. It helped improve the project quality and presentation in the domestic regions and helped to get the direct foreign investment that increases the Indian economy.
Energy, roads, railways and urban projects are some of the various commodities involved and are estimated to account for the bulk of projects(70%).
Its main motive was to reach the Indian economy at 5 trillion dollars by 2025. It covers all social and economic projects in both urban and rural areas.
Objectives of the National Infrastructure Pipeline Project
The main objective behind the National Infrastructure Pipeline project is to make the Indian economy reach 5 trillion dollars by 2025. Many people move to cities due to poor infrastructure in the rural area. Its main motive is to increase infrastructure in the villages and urban areas where people get urbanisation facilities.
This National Infrastructure Pipeline project was run under Atanu Chakraborty. The main objectives of NIP are:-
- Enhancing the technology that increases the private investment and efficiency for the people also provides lots of security.
- To improve the infrastructure project quality at the global and standard level.
- To design and publicise properties and infrastructure.
- To get a significant private investment in infrastructure that provides a very good environment for all three types of government.
The National Infrastructure Pipeline(NIP) Investments
Currently, the central government has 39% stakes in the NIPs, and a similar 40% stakes are in the program, and the remaining 21% stakes are for the private sectors.
The Roadmap of Infrastructure Spending
- To implement the infrastructure projects of hundred lakh crores which are around 1.4 trillion dollars.
- It needs a proper preparation and launching process for success. As of that, they will develop an annual infrastructure pipeline every year.
- To achieve this vast dream, they have created a task force under the Chairman of Security and Economic Affairs, which the Union Finance Minister has made from 2019-20 to the financial year 2024-2025.
The Challenges Faced by NIPs
- Land acquisition is the biggest problem because convincing millions of people is not an easy task.
- If banks are raising money for NIPs, they need to face crises while raising NIP funds.
- Developing pipelines on a massive scale is not an easy job. To coordinate with all types of government in India so that no one can interfere between them and their work.
- More than the desirable inflation rate in the country accounts for lower growth and develops issues for the government and the people.
The Goal to Make Indian Economy Reach 5 Trillion Dollars
Prime Minister Narendra Modi had presented that the government will make the Indian economy reach 5 trillion dollars by 2024-25. Currently, India has a 3.12 Trillion dollar economy as per the financial year 2022. Various commodities such as electricity, steel, refinery products, crude oil, coal, cement, natural gas and fertilisers are also being considered.
In the independence speech given by Narendra Modi in the year 2019, that time he announced investing more than a hundred lakh crore rupees in infrastructure projects for the five years.
Every year Indian GDP will be increased by 8%, while the inflation rate is 4%, then it is possible to achieve a 5 trillion dollar Indian economy by 2024. The issue of more than desirable inflation is to be resolved.
Conclusion:-
The National Infrastructure Pipeline is an important strategy introduced by the central government of India. It has about 102 lakh crore rupees investment strategy to get more foreign and private investment that helps increase the Indian economy. The goals have been discussed to strengthen the country’s economic condition. It also has the motive of providing all types of services to the urban areas to live a stress-free life. More than one lakh crore is to be invested in a fracture in the coming five years by the government.
