National Infrastructure Pipeline (NIP) is a roadmap for an investment of Rs.100 lakh crore in infrastructure over the next five years (2020-2025). The aim of the National Infrastructure Pipeline (NIP) is to help make India a $5 trillion economy by 2025. NIP includes economic and social infrastructure projects.
To implement an infrastructure program of the scale of Rs.100 lakh crore (1.4 trillion dollars), it is important that projects are adequately prepared and launched. In pursuance of this, an annual infrastructure pipeline would be developed.
To achieve this task, a Task Force under the chairmanship of Secretary, Department of Economic Affairs has been constituted by Union Finance Minister to draw up a National Infrastructure Pipeline for each of the years from FY 2019-20 to FY 2024-25. The Task Force is chaired by Secretary, DEA with CEO (NITI Aayog), Secretary (Expenditure), Secretary of the Administrative Ministries, and Additional Secretary (Investments), DEA as members and Joint Secretary (IPF), DEA as Member Secretary.
The first meeting of the Task Force was held in September 2019. This exercise is expected to be followed up by a periodical review process. NIP will enable a forward outlook on infrastructure projects which will create jobs, improve ease of living, and provide equitable access to infrastructure for all, thereby making growth more inclusive.
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