Lok Sabha Question No. 3314 (UNSTARRED), answered on 2021-08-09
Subject: Infrastructure Projects
Ministry: FINANCE
Asked by: Raja Amareshwara Naik, Vinod Kumar Sonkar, Rajveer (Raju Bhaiya) Singh, Jayanta Kumar Roy, Sukanta Majumdar, Sangeeta Kumari Singh Deo, Bhola Singh

## Government of India Ministry of Finance Department of Economic Affairs

## LOK SABHA

## UNSTARRED QUESTION NO.3314

TO BE ANSWERED ON MONDAY, AUGUST 09, 2021/SHRAVANA 18, 1943 (SAKA)

## INFRASTRUCTURE PROJECTS

3314.  SHRI    RAJA  AMARESHWARA  NAIK,  SHRI  VINOD  KUMAR SONKAR,  SHRI  RAJVEER  SINGH  (RAJU  BHAIYA),  DR.  JAYANTA KUMAR  ROY,  DR.  SUKANTA  MAJUMDAR,  SHRIMATI  SANGEETA KUMARI SINGH DEO, SHRI BHOLA SINGH

## Will the Minister of FINANCE be pleased to state:

- a)  whether the Government has planned to spend Rs. 5.5 lakh crores on infrastructure during the financial year 2021-22 and if so, the details thereof;
- b)  whether the Government has also planned to invest Rs 111 lakh crore on infrastructure projects by 2024-25 under the National Infrastructure Pipeline;
- c)  if so, the details of projects being implemented and their amounts so far, sector-wise and state-wise;
- d)  whether the National Bank for Infrastructure Financing and Development provides funds for infrastructure projects and if so, the details of projects being funded, industry/sector-wise;
- e)  whether National Infrastructure Investment Fund supports financing for infrastructure sector and if so, the details of projects funded so far, state-wise and sector-wise; and
- f) the  other  steps  being  taken  by  the  Government  for  infrastructure development in the country?

## ANSWER

## MINISTER OF STATE (FINANCE) (SHRI PANKAJ CHAUDHARY)

- (a) The  Government  has  provided  Rs  5.54  lakh  crore  for  capital expenditure for the year 2021-22 in the Union Budget.
- (b) & (C) The task force to draw up the NIP for FY 2020-25 in its final report projected a total Infrastructure Investment of Rs. 111 lakh crore during the  period  FY  2020-25.  The  task  force  report  was  released  by  Hon'ble

Finance Minister on 29.04.2020. This Task Force Report includes details of NIP projects, State/Sector wise total project cost, annual target, etc. and is available in the public domain at:

https://dea.gov.in/sites/default/files/Report%20of%20the%20Task%20Forc e%20National%20Infrastructure%20Pipeline%20%28NIP%29%20%20volume-i\_1.pdf https://dea.gov.in/sites/default/files/Report%20of%20the%20Task%20Forc e%20National%20Infrastructure%20Pipeline%20%28NIP%29%20%20volume-ii\_0.pdf

https://dea.gov.in/sites/default/files/Report%20of%20the%20Task%20Forc e%20National%20Infrastructure%20Pipeline%20%28NIP%29%20%20Volume-3A.pdf https://dea.gov.in/sites/default/files/Report%20of%20the%20Task%20Forc e%20National%20Infrastructure%20Pipeline%20%28NIP%29%20%20Volume-3B.pdf

The NIP is a dynamic pipeline of infrastructure projects in which projects and its details can be amended, added or deleted as per requirement of central ministries/departments/state governments,  etc. NIP  started with  6835 projects  and  now  increased  to  8148  projects.  NIP  projects  with  details including  project  completion  status  are  available  in  the  public  domain  at https://indiainvestmentgrid.gov.in/home which is updated by the concerned central ministries/departments/state governments, etc.

(d) The National Bank for Financing Infrastructure and Development Act, 2021 has been enacted by Parliament in March 2021. As per the aforesaid Act,  the  National  Bank  for  Financing  Infrastructure  and  Development  has developmental and financial objectives which, inter alia include, coordination with various stakeholders to develop long term financing in India, developing domestic  bonds  and  derivatives  market,  to  lend  or  invest,  directly  or indirectly, and seek to attract investment from private sector investors and institutional investors, in infrastructure projects located in India  and partly outside  India,  with  a  view  to  foster  sustainable  economic  development  in India.

(e) As on July 2021, National Infrastructure Investment Fund (NIIF) has provided equity to 109 projects across 14 states in the infrastructure sector including  ports  and  logistics,  renewable  energy,  roads  and  highways,  emobility and  resource  conservation  (waste  and  water  management), healthcare  and  mid  income  and  affordable  housing.  These  projects  pan across  the  states  of  Andhra  Pradesh,  Chhattisgarh,  Delhi,  Goa,  Gujarat, Haryana, Karnataka, Maharashtra, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh and West Bengal.

In  terms  of  debt,  NIIF  has  provided  debt  to  93  projects  across  14 states in the infrastructure sector including power transmission, renewable energy,  social  infrastructure,  roads  and  highways  and  airports.  These projects  pan  across  the  states  of  Andhra  Pradesh,  Bihar,  Chhattisgarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu and Telangana.

(f) Some of the major steps taken by the government for infrastructure development  includes  providing  enhanced  budgetary  support  for  capital expenditure,  creating  new  institutional  structures  like  National  Bank  for Financing Infrastructure and Development (NABFID) and equity infusion in the existing institutions like India Infrastructure Finance Company Ltd (IIFCL) & National Investment and Infrastructure Fund (NIIF), big thrust on Asset monetization, providing enhanced Viability Gap Funding (VGF) to social infrastructure projects, providing tax exemptions to Sovereign Wealth Funds  (SWF)/Pension  Funds  for  investment  in  infrastructure  and  tax relaxation for Foreign Portfolio Investments, etc.

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