Modi govt sets out on the road to $5 trillion with a Rs 8 lakh-crore first list


Modi govt sets out on the road to $5 trillion with a Rs 8 lakh-crore first list

The National Highways Authority of India (NHAI) has created a pipeline of projects worth Rs 8 lakh crore which will be awarded over the next three years, as the government begins the exercise of creating a national infrastructure pipeline to make India a $5-trillion economy over the next five years.

The finance ministry in September this year announced the setting up of a highlevel task force to identify infrastructure projects to drive Rs 100-lakh-crore investment in the sector by 2024-25.

“We have created a project pipeline of projects worth Rs 7-8 lakh crore, to be recommended to the committee set up by the finance ministry,” a government official told ET, requesting not to be identified.

“The projects have been identified largely from Bharatmala phase-I, including some other strategic ones which the government wants to build,” the official said. Read More

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