Union Minister for Finance & Corporate Affairs Nirmala Sitharaman inaugurated the National Infrastructure Pipeline (NIP) Online Dashboard on Monday in New Delhi through video conferencing.

The online dashboard is envisaged as a one stop solution for all stakeholders looking for information on infrastructure projects in New India.

The dashboard is being hosted on the India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in). IIG is an interactive and dynamic online platform that showcases updated & real-time investment opportunities in the country.

The inaugural was attended by members of the High-Level Task Force on Infrastructure and Secretaries of various ministries and government departments.

Speaking at the eventSitharaman said, “NIP will provide a boost to the vision of an Aatma Nirbhar Bharat. The availability of NIP projects on IIG will ensure easy accessibility to updated project information and attract investors for PPP projects. This is a great step in the direction of implementing NIP- giving a fillip to infrastructure development in the country”.

India Investment Grid (IIG) (www.indiainvestmentgrid.gov.in), is an interactive and dynamic online platform to showcase the best of investment opportunities in India to the global investor community.

Developed and managed by Invest India, the National Investment Promotion and Facilitation Agency, IIG serves as the gateway to investments in India, and is also widely used by Indian missions and embassies across the world.

In the budget speech of 2019-2020, Finance Minister Smt. Sitharaman announced an outlay of Rs 100 lakh Crore for infrastructure projects over the next 5 years.

The budget announcement followed the Independence Day speech by Prime Minister Narendra Modi, wherein he highlighted that “For development of modern infrastructure, an amount of Rs 100 lakh Crore has been earmarked for this period which will create new job opportunities besides improving the living standards”.

In furtherance to this, a high level Task Force submitted a final report on the National Infrastructure Pipeline with projected infrastructure investment of Rs 111 Lakh Crore during FY 2020-25.