NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 lakh crore of infrastructure projects, including Mumbai-Ahmedabad High-Speed rail, in the next five years to help achieve the target of $5 trillion (around Rs 356 lakh crore) economy by 2025.
Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 lakh crore in infrastructure.
Subsequently, a task force headed by the Economic Affairs Secretary identified Rs 102 lakh crore worth of projects after conducting 70 stakeholder consultations in a short period of four months, she said.
The minister said another Rs 3 lakh crore of projects will be added to this pipeline that includes Jewar Airport and Jal Jeevan Mission.
“However, even as we are talking, I’m happy to say that projects are coming in and in the next couple of weeks, we get additional projects of worth Rs 3 lakh crore. ... So in all I think we have about Rs 105 lakh crore in total of projects for Rs 100 lakh crore commitment we made,” the minister told reporters here.
Of the Rs 102 lakh crore projects, Rs 42.7 lakh crore (43 per cent) projects are under implementation, Rs 32.7 lakh crore (about 33 per cent) worth of projects are at conceptualisation stage and Rs 19.1 lakh crore (about 19 per cent) worth of projects are under development, she said.
This story is from the January 01, 2020 edition of Millennium Post Delhi.
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This story is from the January 01, 2020 edition of Millennium Post Delhi.
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