Lok Sabha Question No. 2816 (UNSTARRED), answered on 2025-03-18
Subject: Infrastructure Development Goals
Ministry: COMMERCE AND INDUSTRY
Asked by: Shri Bidyut Baran Mahato, Shri Yogender Chandolia, Dr. Nishikant Dubey, Shri Jaswantsinh Sumanbhai Bhabhor, Shri Khagen Murmu, Shri Dineshbhai Makwana

## GOVERNMENT OF INDIA MINISTRY OF COMMERCE & INDUSTRY

## DEPARTMENT FOR PROMOTION OF INDUSTRY AND INTERNAL TRADE

## LOK SABHA

UNSTARRED QUESTION NO. 2816.

TO BE ANSWERED ON TUESDAY, THE 18 TH  MARCH, 2025.

## INFRASTRUCTURE DEVELOPMENT GOALS

## 2816.  SHRI YOGENDER CHANDOLIA:

SHRI DINESHBHAI MAKWANA:

SHRI BIDYUT BARAN MAHATO:

SHRI JASWANTSINH SUMANBHAI BHABHOR:

SHRI KHAGEN MURMU:

DR. NISHIKANT DUBEY:

Will the Minister of COMMERCE AND INDUSTRY be pleased to state:

## वाणिज्य एवं उद्योग मंत्री

- (a) the  extent  to  which  the  Mega  Infrastructure  Projects  align  with  the  overall infrastructure development goals of the Government in the country including Arunachal Pradesh, Sikkim, Delhi, and Jharkhand;
- (b) the details of role of the private sector playing in these projects and the details of incentives are being provided;
- (c) whether  these  infrastructure  projects  contribute  to  economic  growth  and employment generation in the respective States;
- (d) if so, the details thereof; and
- (e) the  extent  to  which  DPIIT  monitoring  and  evaluating  the  progress  of  these projects to ensure timely execution?

## ANSWER

## वाणिज्य एवं उद्योग मंत्रालय में राज्य मंत्री ( श्री णिणिन प्रसाद ) THE MINISTER OF STATE IN THE MINISTRY OF COMMERCE & INDUSTRY (SHRI JITIN PRASADA)

- (a) to (d): Infrastructure projects are being implemented to enhance overall infrastructure, bolster multi-modal connectivity and  promote balanced regional  development throughout the country, including in States of Arunachal Pradesh,  Sikkim,  Delhi  and  Jharkhand.  These  projects  will generate  both direct and indirect employment opportunities, benefiting the local regions and contributing to job creation on a national scale. Further, recognizing the multiplier impact of infrastructure investment, the Government of India has undertaken multiple initiatives to enable crowding in effect from private players in the infrastructure sector. Combining various

ministries, GoI has increased  the capital expenditure budget by more than three times to INR 19.80 lakh crore in 2025-26 (BE) from INR 5.57 lakh crore  in  2014-15. These figures include Gross Budgetary Support (GBS), Internal and Extra Budgetary Resources (IEBR) and Grants for the creation of capital assets. The strategic focus on infrastructure investment underscores the government's commitment  to enhancing development and stimulating economic activity nationwide.

To further encourage private sector participation in the infrastructure sector, the government has implemented a series of strategic measures designed to create a favourable  investment  environment,  reduce  risk  and  enhance returns  for  private investors.  Key  initiatives  include  Viability  Gap  Funding (VGF)  for  PPP  projects, promotion  of  InvITs/REITs  and  municipal  bonds and asset monetization via the Toll-Operate-Transfer (ToT) model. Reforms have  also  been  implemented  to  allow  IDF-NBFCs to access ECBs (External  Commercial  Borrowings)  and  finance brownfield  infrastructure assets directly. Institutions such as NIIF (National Investment and Infrastructure  Fund),  NaBFID  (National  Bank  for  Financing  Infrastructure and Development) and IIFCL (India Infrastructure Finance Company Limited) have been capitalised to enhance long-term infrastructure financing.

- (e): The Project Monitoring Group (PMG) is an institutional mechanism under DPIIT  to  remove  bottlenecks  and  accelerate  the  pace  of  execution  of infrastructure projects with an investment of more than Rs.500 crore. The milestone-based monitoring mechanism of PMG enables proactive monitoring  of  projects  by  capturing  delays  and  issues  at  specific  stages during  execution  of  the  project  and  helps  in  initiating  course  correction measures  in  time.  This  contributes  towards  mitigation  of  time  and  cost overruns in large-scale infrastructure projects. Currently, 2818 projects worth ₹68.8 lakh crore are being monitored under the PMG mechanism.

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